GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Down – Here’s Why

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $188.66, but opened at $153.01. GraniteShares 2x Long MRVL Daily ETF shares last traded at $160.00, with a volume of 827,835 shares changing hands.

GraniteShares 2x Long MRVL Daily ETF Price Performance

The stock’s 50-day moving average price is $101.85 and its two-hundred day moving average price is $49.97.

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

A number of institutional investors and hedge funds have recently made changes to their positions in MVLL. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MRVL Daily ETF during the second quarter valued at approximately $33,000. Optiver Holding B.V. grew its stake 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 buying an additional 15,196 shares during the last quarter. Finally, Simplex Trading LLC grew its stake 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 buying an additional 3,394 shares during the last quarter.

About GraniteShares 2x Long MRVL Daily ETF

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.