GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report)’s share price dropped 6.5% during mid-day trading on Tuesday . The stock traded as low as $824.34 and last traded at $824.34. 189,131 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 445,463 shares. The stock had previously closed at $881.85.
GraniteShares 2x Long MU Daily ETF Price Performance
The company has a fifty day simple moving average of $458.66 and a 200-day simple moving average of $247.76.
Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF
A number of hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during 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 period. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $41,000. Finally, SBI Securities Co. Ltd. increased its stake in 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 worth $32,000 after purchasing an additional 296 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.
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