GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $19.63, but opened at $20.81. GraniteShares 2x Long MU Daily ETF shares last traded at $21.6870, with a volume of 2,020,658 shares.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock’s fifty day simple moving average is $21.01 and its 200-day simple moving average is $18.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MULL. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $1,064,000. Optiver Holding B.V. increased its position 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 buying an additional 9,784 shares in the last quarter. Finally, Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000.

About GraniteShares 2x Long MU Daily ETF

(Get Free Report)

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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