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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading on Monday . The stock had previously closed at $22.03, but opened at $20.58. GraniteShares 2x Long MU Daily ETF shares last traded at $18.80, with a volume of 1,257,505 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company’s 50 day moving average price is $25.02 and its 200-day moving average price is $16.58.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MULL. Optiver Holding B.V. raised its position in 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 purchasing an additional 9,784 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Finally, SBI Securities Co. Ltd. increased its stake 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 valued at $32,000 after buying an additional 296 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.