GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Up 145.5% in July

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,017,676 shares, a growth of 145.5% from the June 30th total of 1,228,997 shares. Based on an average trading volume of 10,202,999 shares, the short-interest ratio is presently 0.3 days. Currently, 9.9% of the company’s stock are sold short.

GraniteShares 2x Long MU Daily ETF Trading Down 20.0%

Shares of NASDAQ:MULL traded down $3.42 during midday trading on Wednesday, reaching $13.67. 14,161,006 shares of the company were exchanged, compared to its average volume of 10,984,874. GraniteShares 2x Long MU Daily ETF has a fifty-two week low of $0.59 and a fifty-two week high of $43.53. The stock has a fifty day simple moving average of $27.64 and a two-hundred day simple moving average of $14.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Optiver Holding B.V. grew 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. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Mirae Asset Securities USA Inc. bought a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at $90,000. Finally, SBI Securities Co. Ltd. grew its position 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 acquiring an additional 296 shares during the period.

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.