GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 6.4% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price dropped 6.4% on Thursday . The company traded as low as $350.18 and last traded at $362.58. Approximately 331,085 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 446,306 shares. The stock had previously closed at $387.35.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock’s 50-day moving average price is $180.91 and its two-hundred day moving average price is $131.31.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several institutional investors have recently bought and sold shares of MULL. SBI Securities Co. Ltd. grew its position in 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 valued at $32,000 after purchasing an additional 296 shares during the last quarter. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at about $90,000. Optiver Holding B.V. grew its position in GraniteShares 2x Long MU Daily ETF by 17.7% during the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $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.