🔴 MVLL ETF (MVLL) is trading 1.6% down today on a sell-the-news reversal following Marvell earnings

MVLL ETF (MVLL) is trading at $98.98 (-1.6%) on a sell-the-news reversal following Marvell’s latest earnings report.

• Despite stronger-than-expected earnings and raised guidance, the ETF reversed initial gains into a pullback following a sharp run-up in the previous session.
• As a 2x leveraged fund tracking Marvell performance, the move is driven by stock-specific volatility rather than broader market trends or macro catalysts.
• The decline appears to be driven by profit-taking, as the broader market remains slightly higher in pre-market trading with no major U.S. macro drivers scheduled.