GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 12.6% – What’s Next?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shot up 12.6% on Monday . The stock traded as high as $564.06 and last traded at $535.86. 419,605 shares were traded during mid-day trading, a decline of 6% from the average session volume of 445,948 shares. The stock had previously closed at $475.95.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm has a 50-day simple moving average of $180.91 and a two-hundred day simple moving average of $131.31.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MULL. SBI Securities Co. Ltd. increased its position 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 during the last quarter. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter worth about $90,000. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $1,064,000.

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.