GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 11.2% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price fell 11.2% during mid-day trading on Thursday . The company traded as low as $25.33 and last traded at $25.95. 11,292,495 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 11,129,235 shares. The stock had previously closed at $29.22.

GraniteShares 2x Long MU Daily ETF Stock Down 12.6%

The firm has a fifty day simple moving average of $24.17 and a 200 day simple moving average of $12.25.

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

A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased 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 purchasing an additional 296 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after buying an additional 9,784 shares during the period.

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.