GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 15.9% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report)’s share price were down 15.9% on Tuesday . The company traded as low as $138.56 and last traded at $142.83. Approximately 494,843 shares traded hands during trading, an increase of 15% from the average daily volume of 431,816 shares. The stock had previously closed at $169.79.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s 50-day simple moving average is $147.63 and its 200 day simple moving average is $83.63.

GraniteShares 2x Long MU Daily ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a $0.3468 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 2.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at about $90,000. SBI Securities Co. Ltd. boosted its holdings in shares of 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 buying an additional 296 shares during the last quarter. Finally, Optiver Holding B.V. grew its position 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 buying an additional 2,590 shares during the period.

GraniteShares 2x Long MU Daily ETF Company Profile

(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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