- What does MULL invest in?
- The GraniteShares 2x Long MU Daily ETF (MULL) is designed to achieve investment returns, before accounting for its fees and expenses, that are double (200%) the daily percentage change of Micron Technology Inc.'s common stock (NASDAQ: MU). It's important to note that there's no assurance the fund will consistently meet this daily target. Investors should also be aware that, due to the impact of compounding, this fund should not be anticipated to deliver two times the cumulative return of MU over timeframes longer than a single trading day.
- What is the expense ratio of MULL?
- GraniteShares 2x Long MU Daily ETF (MULL) charges an expense ratio of 3.06%. This is the annual fee deducted from fund assets to cover management and operations.
- Is MULL a good long-term hold?
- MULL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does MULL's daily reset work?
- MULL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is MULL?
- GraniteShares 2x Long MU Daily ETF (MULL) manages $721.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MULL actively managed or an index fund?
- MULL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
