GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sets New 1-Year High – Time to Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $475.95 and last traded at $475.95, with a volume of 441508 shares changing hands. The stock had previously closed at $362.58.

GraniteShares 2x Long MU Daily ETF Stock Up 31.3%

The business’s 50 day moving average price is $180.91 and its 200-day moving average price is $131.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. raised its holdings in shares of 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 buying an additional 2,590 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $1,064,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at about $90,000. Finally, 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.

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.