GraniteShares 2x Long MRVL Daily ETF is trading 5.4% down today as investors aggressively unwind leveraged exposure to Marvell Technology and high-beta AI semiconductor names following a sharp, macro-driven risk-off shift.
- Hotter-than-expected U.S. jobs data has pushed rate-hike expectations higher, triggering a broad sell-off across the Nasdaq and technology sectors.
- The decline marks a significant acceleration in profit-taking following a parabolic multi-day rally for the leveraged ETF.