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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped down prior to trading on Thursday . The stock had previously closed at $929.96, but opened at $805.16. GraniteShares 2x Long MU Daily ETF shares last traded at $785.00, with a volume of 178,813 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Down 14.3%

The business has a fifty day moving average price of $338.36 and a two-hundred day moving average price of $200.95.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

A number of large investors have recently made changes to their positions in MULL. Optiver Holding B.V. increased its holdings 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 period. SBI Securities Co. Ltd. increased its holdings 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 period. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000. Finally, Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $41,000.

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.