GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $23.52, but opened at $26.11. GraniteShares 2x Long MU Daily ETF shares last traded at $25.51, with a volume of 2,294,986 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company has a 50 day simple moving average of $27.14 and a 200 day simple moving average of $13.80.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

A number of institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares in the last quarter. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $1,064,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000. Finally, Optiver Holding B.V. grew its stake in 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 period.

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.