GraniteShares 2x Long MRVL Daily ETF is trading at $188.67 (-3.08%) following weakness in Marvell Technology as investors take profits after a sharp AI-led advance.
- The decline follows a significant rally on June 15, with the fund's leveraged exposure amplifying the pullback relative to the underlying stock.
- The move appears to be stock-specific or driven by sector rotation rather than broader macro pressure, as overnight futures remain mildly higher and the general growth tone stays positive.