GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 4.1% – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares fell 4.1% during mid-day trading on Wednesday . The stock traded as low as $174.04 and last traded at $188.23. 398,211 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 465,955 shares. The stock had previously closed at $196.25.

GraniteShares 2x Long MU Daily ETF Stock Down 4.1%

The company has a 50 day moving average of $158.94 and a 200-day moving average of $111.05.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. SBI Securities Co. Ltd. boosted its stake 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 valued at $32,000 after purchasing an additional 296 shares during the period. Finally, Optiver Holding B.V. boosted its stake in GraniteShares 2x Long MU Daily ETF by 17.7% in the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after purchasing an additional 2,590 shares during the 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.