GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Up 7.5% – Should You Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares traded up 7.5% on Thursday . The company traded as high as $25.97 and last traded at $25.66. Approximately 3,029,534 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 10,966,835 shares. The stock had previously closed at $23.87.

GraniteShares 2x Long MU Daily ETF Price Performance

The company’s 50-day moving average is $27.52 and its two-hundred day moving average is $14.61.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its holdings 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 purchasing an additional 296 shares in the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Optiver Holding B.V. raised its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after buying an additional 9,784 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $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.