GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Price Down 11.5% – Here’s What Happened

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) traded down 11.5% during trading on Thursday . The stock traded as low as $41.36 and last traded at $41.93. 3,023,720 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 3,596,868 shares. The stock had previously closed at $47.40.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The company’s 50 day moving average price is $38.80 and its 200 day moving average price is $18.70.

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

A hedge fund recently bought a new position in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned about 0.15% of GraniteShares 2x Long MRVL Daily ETF at the end of the most recent reporting period.

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.