GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sets New 12-Month High – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $590.00 and last traded at $590.00, with a volume of 138652 shares trading hands. The stock had previously closed at $467.09.

GraniteShares 2x Long MU Daily ETF Stock Performance

The business’s fifty day moving average price is $255.65 and its 200-day moving average price is $166.21.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th 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 period. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth $41,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth $90,000. Optiver Holding B.V. increased its position in GraniteShares 2x Long MU Daily ETF by 17.7% during the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter valued at $1,064,000.

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.