GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Up 11.1% – Time to Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) rose 11.1% on Friday . The company traded as high as $760.26 and last traded at $760.26. Approximately 108,665 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 446,776 shares. The stock had previously closed at $684.42.

GraniteShares 2x Long MU Daily ETF Trading Up 9.5%

The business’s fifty day moving average price is $284.83 and its 200 day moving average price is $179.03.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in shares of 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 worth $32,000 after purchasing an additional 296 shares during the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the fourth quarter worth $90,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Finally, Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock worth $624,000 after purchasing an additional 2,590 shares during the last quarter.

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.