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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s stock price 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 Price Performance

The business has a 50-day simple moving average of $38.23 and a 200 day simple moving average of $18.42.

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

A hedge fund recently raised its position in GraniteShares 2x Long MRVL Daily ETF stock. Simplex Trading LLC boosted its position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 269.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,654 shares of the company’s stock after acquiring an additional 3,394 shares during the period. Simplex Trading LLC owned 0.20% of GraniteShares 2x Long MRVL Daily ETF worth $100,000 at the end of the most recent 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.