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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $20.80, but opened at $18.06. GraniteShares 2x Long MU Daily ETF shares last traded at $17.23, with a volume of 5,927,694 shares.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s fifty day moving average price is $27.56 and its 200 day moving average price is $14.95.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings 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 during the last quarter. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth about $1,064,000. Optiver Holding B.V. increased its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after acquiring an additional 9,784 shares during the period. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Finally, Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at approximately $41,000.

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.