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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,097,612 shares, an increase of 83.5% from the July 30th total of 1,143,004 shares. Approximately 17.2% of the shares of the stock are sold short. Based on an average trading volume of 2,954,219 shares, the short-interest ratio is presently 0.7 days.

GraniteShares 2x Long MRVL Daily ETF Trading Down 4.3%

GraniteShares 2x Long MRVL Daily ETF stock traded down $1.08 during midday trading on Monday, reaching $23.98. 2,843,426 shares of the company were exchanged, compared to its average volume of 3,677,446. The firm’s 50-day simple moving average is $31.58 and its 200-day simple moving average is $24.88. GraniteShares 2x Long MRVL Daily ETF has a 1 year low of $4.32 and a 1 year high of $77.67.

Institutional Investors Weigh In On 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 stake in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

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.