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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $21.71, but opened at $19.29. GraniteShares 2x Long MU Daily ETF shares last traded at $19.77, with a volume of 1,820,606 shares traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The business has a 50-day moving average of $22.41 and a 200 day moving average of $20.95.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Hedge funds have recently modified their holdings of the company. 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 during the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Finally, Mirae Asset Securities USA Inc. bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $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.