GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up prior to trading on Monday . The stock had previously closed at $940.77, but opened at $1,050.00. GraniteShares 2x Long MU Daily ETF shares last traded at $1,017.30, with a volume of 127,917 shares changing hands.

GraniteShares 2x Long MU Daily ETF Trading Up 8.0%

The company has a 50-day moving average of $490.62 and a 200-day moving average of $260.08.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its stake 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 worth $624,000 after acquiring an additional 2,590 shares during the period. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at approximately $1,064,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at approximately $90,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at approximately $41,000. Finally, SBI Securities Co. Ltd. raised its holdings in 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 worth $32,000 after purchasing an additional 296 shares during the last quarter.

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.