GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Should You Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up prior to trading on Monday . The stock had previously closed at $723.12, but opened at $837.60. GraniteShares 2x Long MU Daily ETF shares last traded at $851.56, with a volume of 123,102 shares.

GraniteShares 2x Long MU Daily ETF Stock Down 12.6%

The company has a fifty day moving average price of $445.24 and a 200 day moving average price of $242.54.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares during the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth about $41,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth about $90,000. Optiver Holding B.V. grew its stake in shares of 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 purchasing an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth about $1,064,000.

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.