GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) shot up 5.1% during mid-day trading on Tuesday. The stock traded as high as $26.34 and last traded at $26.3110. Approximately 1,969,100 shares changed hands during trading, a decline of 80% from the average daily volume of 9,710,410 shares. The stock had previously closed at $25.03.
GraniteShares 2x Long MU Daily ETF Price Performance
The firm’s 50-day simple moving average is $21.45 and its two-hundred day simple moving average is $19.77.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $1,064,000. Finally, Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after buying 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.
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