GraniteShares 2x Long MU Daily ETF is trading 10% up today, riding a significant rebound in U.S. technology shares and the semiconductor sector following a steep prior selloff.
- Improved risk sentiment is driving the recovery after a partial de-escalation in the Iran conflict and a strong tech-led bounce in U.S. markets on June 08.
- Renewed buying in major chipmakers like Micron is specifically lifting leveraged MU-linked products and broader tech ETFs.
- The gain reflects high exposure to the information technology sector as investors return to growth stocks amid easing geopolitical tensions.