Key stats
About GraniteShares 2x Long MU Daily ETF
Home page
Inception date
Nov 11, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
MULL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of MU stock. Purchasers holding shares for longer than a day need to monitor and frequently rebalance their position to attempt to achieve the 2x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. It may either buy deep in-the-money calls or use a synthetic forward options strategy. Aside from the leverage, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MULL assets under management is 5.54 M USD. It's risen 28.18% over the last month.
MULL fund flows account for 5.77 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, MULL doesn't pay dividends to its holders.
MULL shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Nov 11, 2024, and its management style is Active.
MULL expense ratio is 1.50% meaning you'd have to pay 1.50% of your investment to help manage the fund.
MULL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MULL invests in cash.
MULL price has risen by 74.87% over the last month, and its yearly performance shows a −24.53% decrease. See more dynamics on MULL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 12.25% increase in three-month performance and has increased by 23.90% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 12.25% increase in three-month performance and has increased by 23.90% in a year.
MULL trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.