Short Interest in GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Grows By 145.5%

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,017,676 shares, a growth of 145.5% from the June 30th total of 1,228,997 shares. Based on an average daily trading volume, of 10,202,999 shares, the days-to-cover ratio is presently 0.3 days. Currently, 9.9% of the company’s shares are sold short.

GraniteShares 2x Long MU Daily ETF Trading Down 4.4%

Shares of MULL opened at $20.80 on Tuesday. GraniteShares 2x Long MU Daily ETF has a 1-year low of $0.59 and a 1-year high of $43.53. The firm has a 50-day simple moving average of $27.63 and a two-hundred day simple moving average of $14.80.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently made changes to their positions in MULL. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at approximately $90,000. Optiver Holding B.V. lifted its stake in 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 purchasing an additional 9,784 shares in the last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Finally, 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 worth $32,000 after buying an additional 296 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.