GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 10.4% – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price traded down 10.4% on Wednesday . The stock traded as low as $698.99 and last traded at $707.05. Approximately 340,260 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 443,149 shares. The stock had previously closed at $789.39.

GraniteShares 2x Long MU Daily ETF Trading Down 11.1%

The stock has a fifty day simple moving average of $550.36 and a 200-day simple moving average of $284.16.

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

Several hedge funds have recently bought and sold shares of MULL. SBI Securities Co. Ltd. grew its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after buying an additional 296 shares during the period. Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth about $41,000. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. Optiver Holding B.V. grew 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 period. Finally, Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth about $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.