GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 11.4% – What’s Next?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) fell 11.4% during trading on Friday . The stock traded as low as $22.53 and last traded at $22.56. Approximately 1,426,620 shares traded hands during trading, a decline of 87% from the average daily volume of 10,937,431 shares. The stock had previously closed at $25.45.

GraniteShares 2x Long MU Daily ETF Trading Down 14.5%

The stock’s 50-day moving average is $27.52 and its 200 day moving average is $14.61.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

A number of institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st 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. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Finally, SBI Securities Co. Ltd. boosted its holdings in GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares in 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.