GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Hits New 12-Month High – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares reached a new 52-week high during trading on Thursday . The company traded as high as $946.40 and last traded at $945.41, with a volume of 214855 shares trading hands. The stock had previously closed at $802.60.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock has a 50-day simple moving average of $458.66 and a two-hundred day simple moving average of $247.76.

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

A number of large investors have recently modified their holdings of the company. Optiver Holding B.V. boosted its stake in 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 buying an additional 2,590 shares in the last quarter. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $1,064,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter worth approximately $90,000. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $41,000. Finally, SBI Securities Co. Ltd. boosted its stake 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 in the last quarter.

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.