MULL ETF — GraniteShares 2x Long MU Daily ETF

GraniteShares 2x Long MU Daily ETF (MULL)

MULL is an ETF that tracks the Micron Technology (MU). As of August 28, 2026, its distribution rate is 0.82%, its trailing-12-month yield is 0.07%, its expense ratio is 1.50%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 2136.1% over the past 1.8 years, 1335.4 points ahead of MU at 800.7%.

At the current 0.82% distribution rate, a $10,000 investment would generate approximately $82 per year, or $6.83 per month on an equivalent basis.

GraniteShares 2x Long MU Daily ETF is a leveraged ETF that seeks to deliver twice the daily percentage change of Micron Technology stock by using swaps, options, and direct stock purchases. The fund carries a modest current distribution rate with monthly distributions and a 1.50% expense ratio. This fund appeals to traders and short-term tactical investors seeking leveraged equity exposure, though the daily rebalancing mechanism means it is not designed for buy-and-hold strategies.

MULL performance versus MU

Data as of August 28, 2026.

Fund total return is 2136.1% over the past 1.8 years, 1335.4 points ahead of MU at 800.7%. Its deepest 1-year drawdown was 68.2%.

MULL key facts

Data as of August 28, 2026.

Distribution Safety Score™

50 · Caution

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

11/11/2024

Expense ratio

1.50%

Distribution rate

0.82%

Distribution frequency

Monthly

Trailing yield

0.07%

Last close

$20.34

AUM

$603,148,650

Average volume

4018779.0

Last dividend

$0.0139

Ex-dividend date

12/29/2025

Payment date

12/31/2025

Beta

6.3133

How Dividend Vision calculates yield and returns

Distribution rate (0.82%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.07%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: GraniteShares; Index: Micron Technology (MU); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MULL risks and drawbacks

MULL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. The deepest 1-year drawdown on record here is 68.2%.

Who may consider MULL — and who may not

It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from GraniteShares.