GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $24.42, but opened at $21.76. GraniteShares 2x Long MU Daily ETF shares last traded at $22.02, with a volume of 2,022,381 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock has a 50 day moving average price of $25.49 and a 200 day moving average price of $16.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its position in 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 buying an additional 296 shares during the period. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF during the 4th quarter worth approximately $90,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $1,064,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $41,000. Finally, Optiver Holding B.V. raised its stake 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 valued at $1,140,000 after acquiring an additional 9,784 shares during the last quarter.

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.