GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $36.82, but opened at $32.10. GraniteShares 2x Long MU Daily ETF shares last traded at $33.00, with a volume of 3,033,529 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Down 15.7%

The stock has a 50-day simple moving average of $23.73 and a 200 day simple moving average of $12.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in 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 worth $32,000 after purchasing an additional 296 shares during the period. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $41,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth about $90,000. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after acquiring an additional 9,784 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $1,064,000.

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.