GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 10% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) dropped 10% during mid-day trading on Friday . The stock traded as low as $16.74 and last traded at $16.84. 9,404,757 shares were traded during trading, a decline of 14% from the average daily volume of 10,991,424 shares. The stock had previously closed at $18.72.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s 50 day moving average is $27.51 and its 200-day moving average is $15.05.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its stake in shares of 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 valued at $32,000 after purchasing an additional 296 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth $90,000. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $1,064,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Finally, Optiver Holding B.V. grew its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first 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.

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.