GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,134,519 shares, a drop of 37.8% from the July 30th total of 9,860,153 shares. Based on an average daily volume of 6,985,241 shares, the short-interest ratio is currently 0.9 days. Currently, 21.7% of the company’s shares are sold short.
Institutional Trading of GraniteShares 2x Long MU Daily ETF
A number of hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its stake 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 acquiring an additional 296 shares during the last quarter. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth $90,000. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after purchasing an additional 9,784 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000.
GraniteShares 2x Long MU Daily ETF Stock Down 5.1%
Shares of GraniteShares 2x Long MU Daily ETF stock traded down $1.10 during trading on Tuesday, reaching $20.30. 3,252,524 shares of the company were exchanged, compared to its average volume of 10,323,506. GraniteShares 2x Long MU Daily ETF has a twelve month low of $0.70 and a twelve month high of $43.53. The business has a 50-day moving average price of $22.92 and a 200-day moving average price of $17.28.
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.
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