GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,290,382 shares, a decline of 54.4% from the August 31st total of 11,603,210 shares. Approximately 16.9% of the shares of the company are short sold. Based on an average daily trading volume, of 4,190,160 shares, the days-to-cover ratio is currently 1.3 days.
GraniteShares 2x Long MU Daily ETF Stock Down 5.2%
Shares of MULL traded down $1.38 during mid-day trading on Monday, reaching $25.03. The company had a trading volume of 5,331,049 shares, compared to its average volume of 9,756,187. GraniteShares 2x Long MU Daily ETF has a 52-week low of $1.32 and a 52-week high of $43.53. The stock has a 50 day moving average of $21.29 and a two-hundred day moving average of $19.37.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of MULL. Optiver Holding B.V. boosted its position in 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 worth $1,140,000 after purchasing an additional 9,784 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 1st quarter valued at approximately $1,064,000. Finally, Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at approximately $41,000.
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.
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