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 Monday . The stock had previously closed at $22.03, but opened at $20.58. GraniteShares 2x Long MU Daily ETF shares last traded at $18.80, with a volume of 1,257,505 shares changing hands.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s 50 day moving average is $24.49 and its 200-day moving average is $16.77.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MULL. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after buying an additional 296 shares during the last quarter. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $41,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth approximately $90,000. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. increased its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after purchasing an additional 9,784 shares in the last quarter.

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.