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 before the market opened on Wednesday . The stock had previously closed at $18.12, but opened at $20.00. GraniteShares 2x Long MU Daily ETF shares last traded at $20.54, with a volume of 2,423,479 shares traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock has a 50 day moving average of $26.11 and a 200 day moving average of $15.76.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. increased 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 during the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth $41,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth $90,000. Optiver Holding B.V. boosted 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 buying an additional 9,784 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $1,064,000.

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.