MULL

GraniteShares 2x Long MU Daily ETF

$73.11

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The GraniteShares 2x Long MU Daily ETF (MULL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Micron Technology, Inc. (MU).

Overview

ETF tracking GraniteShares 2x Long MU Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-11-12

Market Cap $28.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $6.67 - $77.56

VWAP $74.08

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long MU Daily ETF (MULL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Micron Technology, Inc. (MU).

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the performance of Micron Technology's stock. It rebalances its portfolio on a daily basis to maintain the 2x leverage target.

✨ Key Features

Provides 2x the daily performance of Micron Technology's stock
Utilizes derivatives to achieve leveraged exposure
Rebalances portfolio daily to maintain 2x leverage target
Designed for short-term, speculative trading

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility compared to the underlying stock
Tracking error risk, where the fund's performance may deviate from the 2x target
Counterparty risk associated with the derivatives used

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to Micron Technology's stock performance and are comfortable with the heightened risks associated with leveraged funds. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.