GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Should You Buy?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up before the market opened on Monday . The stock had previously closed at $439.08, but opened at $471.83. GraniteShares 2x Long MU Daily ETF shares last traded at $448.04, with a volume of 113,149 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Performance

The business’s 50-day moving average price is $231.15 and its two-hundred day moving average price is $154.86.

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

Several large investors have recently added to or reduced their stakes in MULL. Optiver Holding B.V. lifted its stake 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 worth $624,000 after purchasing an additional 2,590 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake 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 purchasing an additional 296 shares during the last quarter. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth $90,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Finally, Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000.

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.