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semiconductor / news / / Benzinga

GraniteShares 2x Long MU Daily ETF MULL seeks two times (200%) the performance of the share price of MU.

UBS analyst Timothy Arcuri raised Micron's price target from $535 to $1,625.

KEY POINTS
GraniteShares 2x Long MU Daily ETF MULL seeks two times (200%) the performance of the share price of MU. It has $775.4 million in assets under management (AUM) and trades an average daily volume of 408,000 shares. The ETF charges a 1.50% annual fee. The fund skyrocketed more than 498.81% since the start of the year and about 4,691% over the past year. Price Action: MULL skyrocketed 38.9% in regular trading on Tuesday and 10.6% in extended trading on Wednesday. Direxion Daily MU Bull 2X ETF MUU also offers two times exposure to the performance of Micron stock. It has an expense ratio of 1.01% and has AUM of $3.7 billion. The ETF trades in an average volume of 2.6 million shares. It has gained 507.90% since the start of the year and 4,768% over the past year. Price Action: MUU soared 38.5% on Tuesday and 10.9% in extended trading on Wednesday. Other Niche ETFs Gain KNO is an actively managed ETF focusing on the stocks that managers believe to be highly innovative or “knowledge leaders” – innovative companies from all sectors around the world selected using a proprietary methodology based on time-tested academic research. VLUE targets the value corner of the broad U.S. stock market by tracking the MSCI USA Enhanced Value Index. VEGN follows the Beyond Investing US Vegan Climate Index, providing exposure to US companies that satisfy rigorous ESG (Environmental, Social, Governance) standards. It charged an expense ratio of 0.60% for the first $150 million in AUM. The annual fee declined to 0.50% when AUM crossed that level. The table provides Micron exposure, expense ratio, AUM and one-day performance of these ETFs: Micron Incredible Surge Micron has been among the hottest trades of 2026, soaring about 214% since the start of the year. Stronger demand for memory chips amid the ongoing AI boom is fueling the company's growth. The latest surge came after UBS analyst Timothy Arcuri more than tripled the price target to $1,625 from $535 for the memory-chip maker while maintaining a Buy rating. Benzinga Edge Stock Rankings indicate both MULL and MUU maintain a strong price trend in the short, medium and long term with a Momentum score in the 100th percentile. Photo Courtesy: Piotr Swat on Shutterstock.com
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