GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Time to Sell?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Wednesday . The stock had previously closed at $36.82, but opened at $32.10. GraniteShares 2x Long MU Daily ETF shares last traded at $33.00, with a volume of 3,033,529 shares trading hands.

GraniteShares 2x Long MU Daily ETF Trading Down 11.7%

The business has a fifty day moving average of $24.54 and a 200-day moving average of $12.41.

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

Several large investors have recently made changes to their positions in MULL. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares in the last quarter. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth approximately $90,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $1,064,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $41,000. Finally, Optiver Holding B.V. grew its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after buying an additional 9,784 shares during the last quarter.

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.