GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Price Down 11.5% – What’s Next?

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) dropped 11.5% during trading on Thursday . The company traded as low as $41.36 and last traded at $41.93. 3,023,720 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 3,596,868 shares. The stock had previously closed at $47.40.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The stock’s 50 day simple moving average is $39.51 and its 200-day simple moving average is $19.05.

Institutional Investors Weigh In On GraniteShares 2x Long MRVL Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long MRVL Daily ETF stock. Simplex Trading LLC lifted its position in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 269.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,654 shares of the company’s stock after acquiring an additional 3,394 shares during the period. Simplex Trading LLC owned 0.20% of GraniteShares 2x Long MRVL Daily ETF worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long MRVL Daily ETF Company Profile

GraniteShares 2x Long MRVL Daily ETF is an ETF incorporated in the United States. The Fund seeks daily investment results, before fees and expenses, of +200% of the daily performance of the common stock of Marvell Technology, inc.