GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sets New 1-Year High – Should You Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) reached a new 52-week high on Thursday . The company traded as high as $946.40 and last traded at $945.41, with a volume of 214855 shares changing hands. The stock had previously closed at $802.60.

GraniteShares 2x Long MU Daily ETF Stock Performance

The firm has a fifty day moving average of $490.62 and a two-hundred day moving average of $258.73.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MULL. SBI Securities Co. Ltd. grew its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in 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. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $41,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at $90,000. Optiver Holding B.V. boosted its position in GraniteShares 2x Long MU Daily ETF by 17.7% during the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after buying an additional 2,590 shares during the period. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000.

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.