GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 109,278 shares, an increase of 113.4% from the May 14th total of 51,198 shares. Approximately 9.4% of the shares of the company are sold short. Based on an average daily trading volume, of 456,963 shares, the days-to-cover ratio is presently 0.2 days.
GraniteShares 2x Long MU Daily ETF Price Performance
NASDAQ:MULL traded down $22.68 during trading hours on Friday, hitting $723.12. 312,502 shares of the stock traded hands, compared to its average volume of 449,054. GraniteShares 2x Long MU Daily ETF has a 1 year low of $14.68 and a 1 year high of $943.00. The stock has a 50 day moving average price of $417.15 and a 200 day moving average price of $230.54.
Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF
Several large investors have recently added to or reduced their stakes in MULL. Optiver Holding B.V. lifted its holdings in GraniteShares 2x Long MU Daily ETF by 17.7% during the third 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 in the last quarter. SBI Securities Co. Ltd. lifted its holdings in 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 purchasing an additional 296 shares in the last quarter. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $1,064,000. Finally, Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $41,000.
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.
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