GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 15.9% – Here’s Why

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) dropped 15.9% during trading on Tuesday . The stock traded as low as $138.56 and last traded at $142.83. Approximately 494,843 shares changed hands during trading, an increase of 15% from the average daily volume of 431,816 shares. The stock had previously closed at $169.79.

GraniteShares 2x Long MU Daily ETF Stock Down 15.9%

The firm’s fifty day simple moving average is $147.63 and its 200-day simple moving average is $83.63.

GraniteShares 2x Long MU Daily ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a $0.3468 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a yield of 2.9%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MULL. SBI Securities Co. Ltd. boosted its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after buying an additional 296 shares during the last quarter. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at about $90,000. Finally, Optiver Holding B.V. boosted 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.

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.