GraniteShares 2x Long MU Daily ETF is trading 1.7% down in after-hours following a significant regular session gain driven by Micron Technology (MU) and broader semiconductor strength.
- The decline reflects profit-taking and position trimming as the recent tech and chip sector rebound pauses after an intraday relief rally.
- With no major post-close earnings or macroeconomic surprises, the move is attributed to normal volatility and rebalancing in leveraged semiconductor exposure after a sharp up day.