🔴 MVLL is trading 15.3% down today on AI-chip profit-taking and repositioning ahead of its 3-for-1 split

MVLL is trading 15.3% down today as investors lock in profits from high-beta AI chip plays and reposition ahead of the fund's 3-for-1 split and Marvell’s S&P 500 inclusion.

• The 2x leveraged ETF is facing headwinds from declining Nasdaq and S&P 500 futures as broader market sentiment turns cautious.
• Traders are actively de-risking portfolios and reducing leveraged technology exposure ahead of Thursday’s key PCE inflation report.
• The move follows a volatile stretch for semiconductor names, with the ETF seeing significant repositioning following recent gains.