GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sees Large Decline in Short Interest

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 42,303 shares, a drop of 61.3% from the May 31st total of 109,278 shares. Based on an average daily volume of 423,141 shares, the short-interest ratio is currently 0.1 days. Approximately 3.6% of the company’s shares are short sold.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Several hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. boosted 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 acquiring an additional 9,784 shares during the period. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth approximately $90,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $41,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $1,064,000. Finally, SBI Securities Co. Ltd. grew its position 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 valued at $32,000 after purchasing an additional 296 shares in the last quarter.

GraniteShares 2x Long MU Daily ETF Price Performance

NASDAQ:MULL traded up $1.08 during trading hours on Monday, hitting $36.34. 10,793,065 shares of the stock traded hands, compared to its average volume of 11,165,799. The firm has a 50 day moving average price of $23.14 and a 200 day moving average price of $11.83. GraniteShares 2x Long MU Daily ETF has a fifty-two week low of $0.59 and a fifty-two week high of $43.53.

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.