Short Interest in GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Decreases By 61.3%

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 42,303 shares, a decline of 61.3% from the May 31st total of 109,278 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily volume of 423,141 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long MU Daily ETF Trading Up 1.3%

MULL traded up $0.48 during mid-day trading on Tuesday, hitting $36.82. The stock had a trading volume of 7,149,059 shares, compared to its average volume of 11,134,088. The stock’s fifty day simple moving average is $23.14 and its 200-day simple moving average is $11.83. GraniteShares 2x Long MU Daily ETF has a 1-year low of $0.59 and a 1-year high of $43.53.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Long MU Daily ETF by 493.3% in 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 last quarter. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth about $90,000. Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after acquiring an additional 9,784 shares in the last quarter. Finally, Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $41,000.

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.