GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 5.6% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares dropped 5.6% during trading on Monday . The company traded as low as $139.91 and last traded at $150.21. Approximately 386,100 shares traded hands during trading, a decline of 14% from the average daily volume of 449,737 shares. The stock had previously closed at $159.04.

GraniteShares 2x Long MU Daily ETF Stock Down 5.6%

The business has a fifty day moving average price of $115.74 and a two-hundred day moving average price of $66.55.

GraniteShares 2x Long MU Daily ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a $0.3468 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long MU Daily ETF stock. SBI Securities Co. Ltd. boosted its stake in shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) by 493.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356 shares of the company’s stock after acquiring an additional 296 shares during the quarter. SBI Securities Co. Ltd.’s holdings in GraniteShares 2x Long MU Daily ETF were worth $32,000 at the end of the most recent reporting period.

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.