GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Price Down 6.3% – Time to Sell?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) dropped 6.3% during mid-day trading on Wednesday . The stock traded as low as $20.77 and last traded at $20.95. Approximately 220,330 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 395,287 shares. The stock had previously closed at $22.36.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The stock has a 50-day moving average of $19.21 and a 200-day moving average of $21.38.

Institutional Trading of GraniteShares 2x Long MRVL Daily ETF

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in GraniteShares 2x Long MRVL Daily ETF during the 2nd quarter valued at about $25,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MRVL Daily ETF in the second quarter valued at approximately $33,000. Simplex Trading LLC increased its stake in shares of 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 during the period. Finally, 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 valued at $519,000 after buying an additional 15,196 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.