GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Stock Price Down 28.9% – Here’s What Happened

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL)’s stock price traded down 28.9% on Thursday. The company traded as low as $8.15 and last traded at $8.89. 205,194 shares changed hands during trading, an increase of 45% from the average session volume of 141,346 shares. The stock had previously closed at $12.50.

GraniteShares 2x Long MARA Daily ETF Stock Performance

The company has a market cap of $15.29 million, a price-to-earnings ratio of -74.08 and a beta of 7.69. The stock’s fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $44.49.

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

An institutional investor recently raised its stake in GraniteShares 2x Long MARA Daily ETF stock. Optiver Holding B.V. grew its position in GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) by 128.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,408 shares of the company’s stock after purchasing an additional 39,586 shares during the period. Optiver Holding B.V. owned approximately 5.54% of GraniteShares 2x Long MARA Daily ETF worth $202,000 as of its most recent SEC filing. Institutional investors own 0.42% of the company’s stock.

GraniteShares 2x Long MARA Daily ETF Company Profile

GraniteShares 2x Long MARA 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 MARA holdings Inc