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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $1,073.21, but opened at $834.25. GraniteShares 2x Long MU Daily ETF shares last traded at $853.18, with a volume of 189,753 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company has a 50-day moving average of $533.68 and a two-hundred day moving average of $277.36.

Institutional Inflows and Outflows

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 acquired a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $1,064,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth approximately $90,000. Finally, SBI Securities Co. Ltd. raised its stake in GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares during the period.

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.