GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Up 15.7% – Time to Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares were up 15.7% on Thursday . The stock traded as high as $28.21 and last traded at $28.13. Approximately 4,280,034 shares traded hands during trading, a decline of 61% from the average session volume of 11,085,010 shares. The stock had previously closed at $24.32.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock’s fifty day simple moving average is $25.84 and its 200-day simple moving average is $13.05.

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

Several hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. raised its stake in 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. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth about $90,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $41,000. Finally, SBI Securities Co. Ltd. grew 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 buying an additional 296 shares in 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.