- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Nov 12, 2024
- Business
- GraniteShares 2x Long MU Daily ETF (MULL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the share price of Micron Technology, Inc. (NASDAQ: MU). The fund utilizes derivatives such as swaps and options to achieve its leveraged exposure to MU stock, a leading provider of memory and storage solutions including DRAM, NAND, NOR products under the Micron and Crucial brands; it is designed for short-term tactical trading and does not aim to deliver 2x the cumulative return of MU over periods longer than one day. GraniteShares ETF Trust, the issuer, offers a broad lineup of leveraged and inverse single-stock ETFs, YieldBOOST income products, physically backed commodity funds including gold and platinum, high-income securities indexes, and disruptive technology baskets; these products target high-conviction investors seeking amplified exposure to equities like NVIDIA, Tesla, Coinbase, and now semiconductors via MULL.
Launched on November 11, 2024, and listed on Nasdaq, MULL represents GraniteShares' expansion into leveraged ETFs tracking semiconductor leaders, alongside contemporaneous debuts of 2x Long CrowdStrike (CR) and 2x Long Taiwan Semiconductor (SMU). In late 2025, GraniteShares continued its product innovation with YieldBOOST lineup additions such as RTYY and HMYY in December targeting digital assets and consumer health technology, and RGYY and QBYY in November focused on quantum computing themes, growing the suite's assets under management beyond $649 million. The firm, founded in 2016 and headquartered at 222 Broadway in New York, New York, manages over $11 billion in total assets across U.S. and European exchanges, with operations spanning the United States, United Kingdom, Italy, France, and Germany through subsidiaries like GraniteShares LLC. No major acquisitions, funding rounds, or strategic alliances beyond ETF launches were reported in 2024-2025.