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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $188.66, but opened at $153.01. GraniteShares 2x Long MRVL Daily ETF shares last traded at $160.00, with a volume of 827,835 shares trading hands.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The firm’s 50-day moving average is $101.85 and its 200-day moving average is $49.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MRVL Daily ETF in the 2nd quarter valued at approximately $33,000. Simplex Trading LLC grew its stake 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 purchasing an additional 3,394 shares during the period. Finally, Optiver Holding B.V. grew its stake 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 purchasing an additional 15,196 shares during the period.

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.