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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) gapped down before the market opened on Thursday . The stock had previously closed at $202.93, but opened at $180.00. GraniteShares 2x Long MRVL Daily ETF shares last traded at $183.49, with a volume of 1,399,508 shares trading hands.

GraniteShares 2x Long MRVL Daily ETF Trading Up 2.7%

The stock’s 50 day moving average is $64.30 and its 200 day moving average is $36.20.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. grew its position in 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 worth $519,000 after buying an additional 15,196 shares during the last quarter. Simplex Trading LLC grew its position in 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 worth $100,000 after buying an additional 3,394 shares during the last quarter. Group One Trading LLC grew its position in GraniteShares 2x Long MRVL Daily ETF by 185.8% in the third quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock worth $96,000 after buying an additional 2,642 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in 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 worth $54,000 after buying an additional 1,196 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.