On June 10, GraniteShares 2x Long MRVL ETF declined 8.48% overnight, trading at $136.99/share, with trading volume of $20.64 million.
The ETF provides 2x leveraged daily exposure to Marvell Technology (MRVL). In recent sessions, Marvell experienced extreme volatility — surging 32.52% on June 3 after NVIDIA CEO Jensen Huang called it the next trillion-dollar company, then plunging 16.74% on June 5 amid hawkish Fed expectations, before rebounding approximately 14.6% on June 8 following its announced inclusion in the S&P 500 Index effective June 22.
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