GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 13.3% – Should You Sell?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) dropped 13.3% during mid-day trading on Friday . The company traded as low as $670.00 and last traded at $680.68. Approximately 164,837 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 442,874 shares. The stock had previously closed at $784.71.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm has a fifty day moving average of $351.07 and a 200 day moving average of $205.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MULL. SBI Securities Co. Ltd. boosted its holdings 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 valued at $32,000 after purchasing an additional 296 shares during the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at $41,000. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at $90,000. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long MU Daily ETF by 17.7% in the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000.

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.