GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Falls 7% – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) were down 7% on Monday. The stock traded as low as $24.63 and last traded at $24.5530. 1,473,050 shares changed hands during trading, a decline of 85% from the average session volume of 9,732,895 shares. The stock had previously closed at $26.41.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company has a 50 day moving average of $21.29 and a 200-day moving average of $19.37.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $41,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000. Finally, Optiver Holding B.V. lifted its stake in shares of 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 purchasing an additional 9,784 shares during the last quarter.

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.