GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – What’s Next?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up prior to trading on Friday . The stock had previously closed at $362.58, but opened at $397.21. GraniteShares 2x Long MU Daily ETF shares last traded at $434.99, with a volume of 211,617 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Up 27.0%

The stock’s 50 day moving average price is $180.91 and its 200 day moving average price is $131.31.

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

A number of hedge funds have recently made changes to their positions in MULL. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 17.7% in the 3rd 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. Hollencrest Capital Management purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the 4th 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.

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.