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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLLGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $57.40, but opened at $51.12. GraniteShares 2x Long MRVL Daily ETF shares last traded at $54.29, with a volume of 1,695,070 shares changing hands.

GraniteShares 2x Long MRVL Daily ETF Trading Down 13.0%

The stock’s fifty day simple moving average is $38.23 and its 200 day simple moving average is $18.42.

Institutional Investors Weigh In On GraniteShares 2x Long MRVL Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC bought a new position in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLLFree Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned 0.15% of GraniteShares 2x Long MRVL Daily ETF as of its most recent filing with the SEC.

About GraniteShares 2x Long MRVL Daily ETF

(Get Free Report)

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.

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