GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Short Interest Update

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 310,187 shares, a decrease of 46.3% from the May 31st total of 577,117 shares. Based on an average trading volume of 4,531,043 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.5% of the company’s stock are sold short.

GraniteShares 2x Long MRVL Daily ETF Price Performance

MVLL traded down $10.00 during trading on Wednesday, reaching $47.40. 5,053,612 shares of the stock traded hands, compared to its average volume of 3,604,205. The stock’s 50-day simple moving average is $38.80 and its two-hundred day simple moving average is $18.70. GraniteShares 2x Long MRVL Daily ETF has a fifty-two week low of $4.32 and a fifty-two week high of $77.67.

Hedge Funds Weigh In On GraniteShares 2x Long MRVL Daily ETF

A hedge fund recently bought a new position in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC bought a new stake in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned about 0.15% of GraniteShares 2x Long MRVL Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long MRVL Daily ETF Company Profile

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.