Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) were down 5.5% during mid-day trading on Wednesday . The stock traded as low as $24.25 and last traded at $24.38. Approximately 1,658,444 shares changed hands during trading, a decline of 85% from the average session volume of 10,977,394 shares. The stock had previously closed at $25.81.
GraniteShares 2x Long MU Daily ETF Stock Down 17.9%
The firm’s 50 day moving average is $27.02 and its two-hundred day moving average is $13.67.
Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF
A number of institutional investors have recently made changes to their positions in MULL. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after acquiring an additional 9,784 shares during the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $41,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $1,064,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth approximately $90,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during 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 period.
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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