GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 6.4% – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares rose 6.4% on Thursday . The stock traded as high as $21.26 and last traded at $21.19. Approximately 1,584,767 shares changed hands during trading, a decline of 85% from the average session volume of 10,769,182 shares. The stock had previously closed at $19.92.

GraniteShares 2x Long MU Daily ETF Stock Up 13.4%

The stock has a 50 day simple moving average of $25.76 and a 200 day simple moving average of $15.85.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MULL. SBI Securities Co. Ltd. lifted its stake in 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. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth about $1,064,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $41,000. Finally, Optiver Holding B.V. increased its holdings in shares of 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 worth $1,140,000 after acquiring an additional 9,784 shares during the period.

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.