GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report)’s share price were down 8.7% during mid-day trading on Thursday. The company traded as low as $24.55 and last traded at $24.1330. Approximately 3,096,905 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 9,603,852 shares. The stock had previously closed at $26.43.
GraniteShares 2x Long MU Daily ETF Price Performance
The business’s 50-day moving average price is $22.06 and its 200 day moving average price is $20.40.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after purchasing an additional 9,784 shares during the period. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $1,064,000. Finally, Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $41,000.
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.
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