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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) gapped down before the market opened on Friday . The stock had previously closed at $162.72, but opened at $149.75. GraniteShares 2x Long MRVL Daily ETF shares last traded at $155.44, with a volume of 639,378 shares trading hands.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The stock has a 50 day moving average price of $81.22 and a 200-day moving average price of $42.32.

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

A number of large investors have recently bought and sold shares of MVLL. Group One Trading LLC purchased a new position in GraniteShares 2x Long MRVL Daily ETF in the 2nd quarter worth approximately $33,000. SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Long MRVL Daily ETF by 110.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock worth $54,000 after purchasing an additional 1,196 shares during the period. Optiver Holding B.V. increased its stake in GraniteShares 2x Long MRVL Daily ETF by 225.1% in the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock worth $519,000 after purchasing an additional 15,196 shares during the period. Finally, Simplex Trading LLC increased its stake in GraniteShares 2x Long MRVL Daily ETF by 269.4% in the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock worth $100,000 after purchasing an additional 3,394 shares during the period.

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.