GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Stock Falls 28.9% – What’s Next?

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) fell 28.9% during trading on Thursday. The stock traded as low as $8.15 and last traded at $8.89. 205,194 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 141,346 shares. The stock had previously closed at $12.50.

GraniteShares 2x Long MARA Daily ETF Price Performance

The business’s 50-day simple moving average is $30.00 and its two-hundred day simple moving average is $44.49. The stock has a market capitalization of $15.29 million, a price-to-earnings ratio of -74.08 and a beta of 7.69.

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

A hedge fund recently raised its position in GraniteShares 2x Long MARA Daily ETF stock. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) by 128.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,408 shares of the company’s stock after acquiring an additional 39,586 shares during the quarter. Optiver Holding B.V. owned about 5.54% of GraniteShares 2x Long MARA Daily ETF worth $202,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.42% of the company’s stock.

About GraniteShares 2x Long MARA Daily ETF

GraniteShares 2x Long MARA 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 MARA holdings Inc