GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 6.9% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report)’s stock price were down 6.9% on Wednesday . The company traded as low as $131.31 and last traded at $138.80. Approximately 538,776 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 445,167 shares. The stock had previously closed at $149.11.

GraniteShares 2x Long MU Daily ETF Stock Performance

The firm’s 50 day moving average is $166.46 and its 200-day moving average is $99.64.

GraniteShares 2x Long MU Daily ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a $0.3468 dividend. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a yield of 3.0%.

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

Several hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. boosted its holdings in shares of 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 worth $624,000 after purchasing an additional 2,590 shares during the last quarter. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at $90,000. Finally, SBI Securities Co. Ltd. lifted its position in GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after buying an additional 296 shares during the period.

About GraniteShares 2x Long MU Daily ETF

(Get Free Report)

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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