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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $18.12, but opened at $20.00. GraniteShares 2x Long MU Daily ETF shares last traded at $20.54, with a volume of 2,423,479 shares traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm has a 50-day moving average price of $26.11 and a 200 day moving average price of $15.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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. Optiver Holding B.V. increased its position 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 acquiring an additional 9,784 shares during the period. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $41,000. Finally, SBI Securities Co. Ltd. raised its stake in 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 worth $32,000 after purchasing an additional 296 shares in the last quarter.

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.