GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Trading Down 6.3% – What’s Next?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price were down 6.3% during trading on Wednesday . The company traded as low as $20.77 and last traded at $20.95. Approximately 220,330 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 395,287 shares. The stock had previously closed at $22.36.

GraniteShares 2x Long MRVL Daily ETF Price Performance

The company has a 50-day moving average price of $19.24 and a two-hundred day moving average price of $21.43.

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

Several institutional investors have recently modified their holdings of the business. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MRVL Daily ETF during the 2nd quarter valued at $33,000. SBI Securities Co. Ltd. raised its stake in shares of GraniteShares 2x Long MRVL Daily ETF by 110.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock valued at $54,000 after buying an additional 1,196 shares during the period. Simplex Trading LLC lifted its position in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% during the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after buying an additional 3,394 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% during the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock worth $519,000 after acquiring 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.