GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Down 11.5% – Should You Sell?

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

GraniteShares 2x Long MRVL Daily ETF Price Performance

The business has a 50 day simple moving average of $38.80 and a 200 day simple moving average of $18.70.

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

An institutional investor recently raised its position in GraniteShares 2x Long MRVL Daily ETF stock. Simplex Trading LLC increased its position in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 269.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,654 shares of the company’s stock after buying an additional 3,394 shares during the period. Simplex Trading LLC owned 0.20% of GraniteShares 2x Long MRVL Daily ETF worth $100,000 at the end of the most recent reporting 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.