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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading on Tuesday . The stock had previously closed at $538.36, but opened at $505.53. GraniteShares 2x Long MU Daily ETF shares last traded at $491.25, with a volume of 169,981 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Down 20.5%

The stock’s 50-day moving average price is $194.08 and its 200 day moving average price is $137.71.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after buying an additional 296 shares in the last quarter. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth $90,000. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long MU Daily ETF by 17.7% in the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000.

GraniteShares 2x Long MU Daily ETF Company Profile

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.