GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Short Interest Rises 194.3%

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 3,448,869 shares, a growth of 194.3% from the October 15th total of 1,172,041 shares. Based on an average daily trading volume, of 2,315,324 shares, the short-interest ratio is presently 1.5 days. Approximately 24.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in GraniteShares 2x Long MRVL Daily ETF stock. SBI Securities Co. Ltd. increased its position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,293 shares of the company’s stock after purchasing an additional 924 shares during the period. SBI Securities Co. Ltd. owned about 0.29% of GraniteShares 2x Long MRVL Daily ETF worth $1,084,000 at the end of the most recent reporting period.

GraniteShares 2x Long MRVL Daily ETF Price Performance

Shares of NASDAQ MVLL traded down $1.14 during trading hours on Friday, hitting $10.51. 3,598,923 shares of the stock were exchanged, compared to its average volume of 3,563,418. The company’s 50 day moving average is $27.24 and its 200 day moving average is $24.46. GraniteShares 2x Long MRVL Daily ETF has a one year low of $4.83 and a one year high of $77.67.

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.