GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading 13.4% Higher – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price were up 13.4% during mid-day trading on Tuesday . The company traded as high as $19.12 and last traded at $18.95. 2,768,707 shares were traded during trading, a decline of 75% from the average daily volume of 10,959,835 shares. The stock had previously closed at $16.71.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock has a 50 day simple moving average of $27.16 and a 200 day simple moving average of $15.41.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its stake 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 buying an additional 296 shares in the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $41,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth approximately $90,000. Optiver Holding B.V. boosted its position 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 worth $1,140,000 after acquiring an additional 9,784 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $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.