GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Trading Down 11.8% – What’s Next?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price dropped 11.8% on Tuesday . The company traded as low as $169.60 and last traded at $171.70. Approximately 2,083,122 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 1,110,944 shares. The stock had previously closed at $194.66.

GraniteShares 2x Long MRVL Daily ETF Stock Down 10.4%

The business’s fifty day moving average price is $87.13 and its two-hundred day moving average price is $44.51.

Hedge Funds Weigh In On GraniteShares 2x Long MRVL Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC boosted its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% in the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock worth $100,000 after purchasing an additional 3,394 shares during the period. Group One Trading LLC boosted its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 185.8% in the 3rd quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock worth $96,000 after purchasing an additional 2,642 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% in the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock worth $519,000 after purchasing an additional 15,196 shares during the period.

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.