GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Shares Gap Up – What’s Next?

Shares of GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) gapped up before the market opened on Friday . The stock had previously closed at $58.20, but opened at $62.00. GraniteShares 2x Long MARA Daily ETF shares last traded at $60.64, with a volume of 23,677 shares traded.

GraniteShares 2x Long MARA Daily ETF Stock Down 5.5%

The stock has a market capitalization of $699.60 million, a price-to-earnings ratio of -458.33 and a beta of 8.51. The stock has a fifty day moving average of $3.91 and a 200-day moving average of $7.90.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MARA Daily ETF during the 3rd quarter worth $58,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MARA Daily ETF in the first quarter valued at $172,000. Foundations Investment Advisors LLC acquired a new position in GraniteShares 2x Long MARA Daily ETF in the third quarter valued at $208,000. SLT Holdings LLC purchased a new position in shares of GraniteShares 2x Long MARA Daily ETF during the third quarter worth about $208,000. Finally, HighTower Advisors LLC grew its holdings in shares of GraniteShares 2x Long MARA Daily ETF by 23.2% during the fourth quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock worth $246,000 after purchasing an additional 10,063 shares during the last quarter. 0.42% of the stock is owned by hedge funds and other institutional investors.

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