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

Posted by Donna Armstrong on Jul 7th, 2026

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $39.14, but opened at $34.58. GraniteShares 2x Long MRVL Daily ETF shares last traded at $34.22, with a volume of 1,170,025 shares changing hands.

GraniteShares 2x Long MRVL Daily ETF Stock Down 19.1%

The firm’s 50-day simple moving average is $39.82 and its 200-day simple moving average is $19.36.

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 lifted its stake in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL – Free Report) by 269.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,654 shares of the company’s stock after buying an additional 3,394 shares during the period. Simplex Trading LLC owned about 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

(Get Free Report)

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.