GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $648.75, but opened at $735.69. GraniteShares 2x Long MU Daily ETF shares last traded at $706.89, with a volume of 322,735 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Down 1.5%

The stock’s fifty day simple moving average is $284.83 and its two-hundred day simple moving average is $179.03.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently made changes to their positions in MULL. SBI Securities Co. Ltd. lifted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after acquiring an additional 296 shares in the last quarter. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $41,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the 3rd 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 in the last quarter.

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.