GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Shares Down 6.1% – Should You Sell?

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRALGet Free Report) were down 6.1% during mid-day trading on Wednesday . The stock traded as low as $3.53 and last traded at $3.56. Approximately 1,551,095 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 1,423,513 shares. The stock had previously closed at $3.79.

GraniteShares 2x Long MARA Daily ETF Trading Down 6.1%

The company has a market cap of $35.49 million, a price-to-earnings ratio of -29.67 and a beta of 15.26. The business has a 50-day moving average price of $4.25 and a 200 day moving average price of $11.63.

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

A number of institutional investors have recently bought and sold shares of the stock. HUB Investment Partners LLC raised its holdings in GraniteShares 2x Long MARA Daily ETF by 58.3% during the 2nd quarter. HUB Investment Partners LLC now owns 71,030 shares of the company’s stock worth $1,410,000 after buying an additional 26,170 shares during the period. Sara Bay Financial increased its position in shares of GraniteShares 2x Long MARA Daily ETF by 123.0% in the third quarter. Sara Bay Financial now owns 51,529 shares of the company’s stock worth $1,191,000 after acquiring an additional 28,422 shares in the last quarter. SLT Holdings LLC purchased a new position in shares of GraniteShares 2x Long MARA Daily ETF in the third quarter worth approximately $208,000. Foundations Investment Advisors LLC acquired a new stake in shares of GraniteShares 2x Long MARA Daily ETF during the third quarter valued at approximately $208,000. Finally, Optiver Holding B.V. lifted its position in shares of GraniteShares 2x Long MARA Daily ETF by 126.0% in the 3rd quarter. Optiver Holding B.V. now owns 24,858 shares of the company’s stock valued at $575,000 after acquiring an additional 13,859 shares in the last quarter. Hedge funds and other institutional investors own 0.42% of the company’s stock.

About GraniteShares 2x Long MARA Daily ETF

(Get Free Report)

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

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