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

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading on Monday . The stock had previously closed at $25.81, but opened at $23.18. GraniteShares 2x Long MU Daily ETF shares last traded at $22.44, with a volume of 2,760,728 shares.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock has a 50 day moving average price of $27.02 and a 200-day moving average price of $13.67.

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

Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st 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 during the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $41,000. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000. Finally, SBI Securities Co. Ltd. lifted its position in 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 valued at $32,000 after buying an additional 296 shares during 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.