GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $24.39, but opened at $22.89. GraniteShares 2x Long MU Daily ETF shares last traded at $22.5010, with a volume of 1,165,687 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The firm has a 50 day moving average price of $21.32 and a two-hundred day moving average price of $18.09.

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

A number of hedge funds and other institutional investors have recently modified their holdings of MULL. Optiver Holding B.V. increased its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after purchasing an additional 9,784 shares in the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $41,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth about $1,064,000. Finally, Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth about $90,000.

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.