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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up prior to trading on Tuesday . The stock had previously closed at $23.52, but opened at $26.11. GraniteShares 2x Long MU Daily ETF shares last traded at $25.51, with a volume of 2,294,986 shares.

GraniteShares 2x Long MU Daily ETF Trading Up 7.3%

The business has a 50-day moving average of $26.79 and a 200 day moving average of $13.51.

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

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

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.