GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Sees Strong Trading Volume – Should You Buy?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) saw strong trading volume on Thursday . 677,083 shares were traded during mid-day trading, a decline of 40% from the previous session’s volume of 1,128,271 shares.The stock last traded at $194.46 and had previously closed at $168.12.

GraniteShares 2x Long MRVL Daily ETF Price Performance

The business’s 50-day moving average price is $92.38 and its 200-day moving average price is $46.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MVLL. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% in the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock worth $519,000 after buying an additional 15,196 shares during the last quarter. Simplex Trading LLC grew its position in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% in the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock worth $100,000 after buying an additional 3,394 shares during the last quarter. Finally, Group One Trading LLC boosted its stake in GraniteShares 2x Long MRVL Daily ETF by 185.8% in the 3rd quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock worth $96,000 after purchasing an additional 2,642 shares in the last quarter.

About GraniteShares 2x Long MRVL Daily ETF

GraniteShares 2x Long MRVL Daily ETF is an ETF incorporated in the United States. The Fund seeks daily investment results, before fees and expenses, of +200% of the daily performance of the common stock of Marvell Technology, inc.