GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Short Interest Falls 57.1%

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 1,277,033 shares, a decline of 57.1% from the August 31st total of 2,978,501 shares. Based on an average daily volume of 3,046,612 shares, the days-to-cover ratio is presently 0.4 days. Approximately 8.9% of the company’s stock are sold short.

GraniteShares 2x Long MRVL Daily ETF Price Performance

Shares of NASDAQ MVLL traded down $2.78 during midday trading on Monday, reaching $32.66. 1,445,240 shares of the company’s stock traded hands, compared to its average volume of 3,590,585. The stock’s 50 day simple moving average is $27.07 and its 200-day simple moving average is $28.05. GraniteShares 2x Long MRVL Daily ETF has a one year low of $4.83 and a one year high of $77.67.

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.