GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Sees Significant Growth in Short Interest

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,280,384 shares, an increase of 725.4% from the June 30th total of 276,268 shares. Currently, 21.2% of the company’s stock are short sold. Based on an average trading volume of 3,439,054 shares, the days-to-cover ratio is currently 0.7 days.

GraniteShares 2x Long MRVL Daily ETF Stock Down 14.6%

Shares of NASDAQ:MVLL opened at $22.44 on Friday. GraniteShares 2x Long MRVL Daily ETF has a twelve month low of $4.32 and a twelve month high of $77.67. The stock’s 50 day moving average is $41.12 and its 200-day moving average is $21.30.

Institutional Trading of GraniteShares 2x Long MRVL Daily ETF

An institutional investor recently bought a new stake in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent quarter.

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.