GraniteShares 2x Long MU Daily ETF is trading 12.6% down today as its tech-heavy, leveraged exposure is hit by a broad pullback in growth and information technology shares.
- The NASDAQ Composite is down over 2%, with selling focused in high-beta technology names as traders turn defensive following recent rate-sensitive volatility.
- Providing 2x exposure to Micron with 65.5% of the fund concentrated in information technology, the ETF is amplifying sector weakness amid ongoing global chip stress.