GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $387.09, but opened at $367.63. GraniteShares 2x Long MU Daily ETF shares last traded at $432.51, with a volume of 421,558 shares trading hands.

GraniteShares 2x Long MU Daily ETF Trading Up 7.7%

The stock’s fifty day moving average price is $225.73 and its 200-day moving average price is $152.46.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

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

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.