GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Price Down 11.8% – Here’s Why

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) traded down 11.8% during trading on Tuesday . The company traded as low as $169.60 and last traded at $171.70. 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 Performance

The firm’s 50 day moving average price is $92.38 and its two-hundred day moving average price is $46.46.

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

A number of institutional investors have recently bought and sold shares of MVLL. Group One Trading LLC bought a new stake in GraniteShares 2x Long MRVL Daily ETF in the second quarter valued at approximately $33,000. Simplex Trading LLC boosted its stake 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 worth $100,000 after acquiring an additional 3,394 shares during the period. Finally, Optiver Holding B.V. increased its holdings 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 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.