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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $648.75, but opened at $735.69. GraniteShares 2x Long MU Daily ETF shares last traded at $706.89, with a volume of 322,735 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Up 4.6%

The business has a 50 day simple moving average of $265.11 and a 200-day simple moving average of $170.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its stake in 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 acquiring an additional 296 shares during the period. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at about $90,000. Optiver Holding B.V. grew its stake in GraniteShares 2x Long MU Daily ETF by 17.7% in the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after acquiring an additional 2,590 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $1,064,000.

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.