GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Down – Should You Sell?

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 Price Performance

The company’s 50 day simple moving average is $106.15 and its two-hundred day simple moving average is $51.68.

Hedge Funds Weigh In On GraniteShares 2x Long MRVL Daily ETF

A number of hedge funds have recently modified their holdings of MVLL. Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% during the third quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock worth $519,000 after acquiring an additional 15,196 shares in the last quarter. 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 valued at $100,000 after purchasing an additional 3,394 shares in the last quarter. Finally, Group One Trading LLC increased its position in GraniteShares 2x Long MRVL Daily ETF by 185.8% in the 3rd quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock worth $96,000 after purchasing an additional 2,642 shares during the last quarter.

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.