GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Down – What’s Next?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $202.93, but opened at $180.00. GraniteShares 2x Long MRVL Daily ETF shares last traded at $183.49, with a volume of 1,399,508 shares changing hands.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The company’s 50 day simple moving average is $70.73 and its 200 day simple moving average is $38.37.

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

Several large investors have recently bought and sold shares of the stock. Optiver Holding B.V. increased its stake in GraniteShares 2x Long MRVL Daily ETF by 225.1% during the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after buying an additional 15,196 shares during the period. Simplex Trading LLC increased its stake in GraniteShares 2x Long MRVL Daily ETF by 269.4% during the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after buying an additional 3,394 shares during the period. Group One Trading LLC increased its stake in GraniteShares 2x Long MRVL Daily ETF by 185.8% during the 3rd quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock valued at $96,000 after buying an additional 2,642 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Long MRVL Daily ETF by 110.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock valued at $54,000 after buying an additional 1,196 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.