GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up prior to trading on Friday. The stock had previously closed at $26.33, but opened at $27.10. GraniteShares 2x Long MU Daily ETF shares last traded at $26.8870, with a volume of 1,257,429 shares changing hands.

GraniteShares 2x Long MU Daily ETF Trading Down 0.6%

The company’s fifty day moving average price is $21.14 and its 200 day moving average price is $19.22.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. lifted 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 during the period. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth $1,064,000. Finally, Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000.

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.