GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 5.5% – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $24.25 and last traded at $24.38. 1,658,444 shares were traded during trading, a decline of 85% from the average session volume of 10,977,394 shares. The stock had previously closed at $25.81.

GraniteShares 2x Long MU Daily ETF Price Performance

The company’s 50 day moving average is $27.02 and its 200 day moving average is $13.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MULL. SBI Securities Co. Ltd. raised its position in GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth 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 acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $41,000. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $1,064,000. Finally, Optiver Holding B.V. boosted its position in 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 worth $1,140,000 after buying an additional 9,784 shares during the period.

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.