GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Down 6.3% – Here’s What Happened

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

GraniteShares 2x Long MRVL Daily ETF Stock Down 6.3%

The business’s fifty day simple moving average is $19.21 and its 200 day simple moving average is $21.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long MRVL Daily ETF during the 2nd quarter valued at about $25,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MRVL Daily ETF during the second quarter valued at approximately $33,000. Simplex Trading LLC grew its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% during 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 last quarter. Finally, Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% during 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.

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.