GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped up prior to trading on Monday. The stock had previously closed at $16.94, but opened at $18.25. GraniteShares 2x Long MU Daily ETF shares last traded at $18.26, with a volume of 1,466,809 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company has a 50-day moving average of $22.38 and a two-hundred day moving average of $21.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after acquiring an additional 9,784 shares during the period. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $41,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $1,064,000.

About GraniteShares 2x Long MU Daily ETF

The GraniteShares 2x Long MU Daily ETF (MULL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Micron Technology Inc (ticker: MU) stock. MULL was launched on Nov 11, 2024 and is issued by GraniteShares.