GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s Why

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Tuesday. The stock had previously closed at $17.93, but opened at $17.06. GraniteShares 2x Long MU Daily ETF shares last traded at $18.3470, with a volume of 1,289,335 shares trading hands.

GraniteShares 2x Long MU Daily ETF Price Performance

The company has a 50-day moving average price of $22.38 and a two-hundred day moving average price of $21.24.

Institutional Inflows and Outflows

Institutional investors 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 last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $41,000. Finally, Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $1,064,000.

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.