GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 5.6% – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) dropped 5.6% during trading on Monday . The company traded as low as $139.91 and last traded at $150.21. Approximately 386,100 shares were traded during trading, a decline of 14% from the average daily volume of 449,737 shares. The stock had previously closed at $159.04.

GraniteShares 2x Long MU Daily ETF Trading Down 5.6%

The stock’s fifty day moving average is $115.74 and its 200-day moving average is $66.55.

GraniteShares 2x Long MU Daily ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.3468 per share. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 2.8%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long MU Daily ETF stock. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) by 17.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,213 shares of the company’s stock after acquiring an additional 2,590 shares during the period. Optiver Holding B.V. owned about 2.42% of GraniteShares 2x Long MU Daily ETF worth $624,000 at the end of the most recent 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.