GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Stock Falls 28.9% – Should You Sell?

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) shares traded down 28.9% during mid-day trading on Thursday. The company traded as low as $8.15 and last traded at $8.89. 205,194 shares were traded during mid-day 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 Trading Up 14.4%

The company has a 50 day moving average price of $29.33 and a 200 day moving average price of $44.24. The company has a market capitalization of $17.80 million, a P/E ratio of -84.75 and a beta of 8.24.

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

About GraniteShares 2x Long MARA Daily ETF

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