GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Up 2,805.2% in June

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 1,228,997 shares, an increase of 2,805.2% from the June 15th total of 42,303 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 10,190,923 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long MU Daily ETF Stock Down 2.5%

Shares of NASDAQ MULL traded down $0.67 during trading on Friday, hitting $25.81. 7,465,380 shares of the company were exchanged, compared to its average volume of 11,117,883. GraniteShares 2x Long MU Daily ETF has a 12-month low of $0.59 and a 12-month high of $43.53. The company has a fifty day moving average price of $26.51 and a 200-day moving average price of $13.30.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th 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 last quarter. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $41,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth approximately $90,000. 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 acquiring an additional 9,784 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000.

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.