GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Price Down 0.8% – Here’s What Happened

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price dropped 0.8% during trading on Friday . The company traded as low as $64.00 and last traded at $68.44. Approximately 531,362 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 563,024 shares. The stock had previously closed at $68.97.

GraniteShares 2x Long MRVL Daily ETF Stock Down 0.8%

The business has a 50-day moving average of $33.19 and a 200-day moving average of $26.05.

Institutional Trading of GraniteShares 2x Long MRVL Daily ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MRVL Daily ETF in the second quarter valued at about $33,000. SBI Securities Co. Ltd. increased its position 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 acquiring an additional 1,196 shares during the last quarter. Simplex Trading LLC increased its position in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% in the fourth quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after acquiring an additional 3,394 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% in the third quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after acquiring an additional 15,196 shares during the last quarter.

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.