GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Up 16.9% – Should You Buy?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price shot up 16.9% during mid-day trading on Monday . The company traded as high as $180.00 and last traded at $173.64. 2,276,146 shares were traded during mid-day trading, an increase of 137% from the average session volume of 958,462 shares. The stock had previously closed at $148.59.

GraniteShares 2x Long MRVL Daily ETF Stock Up 26.7%

The stock’s 50 day moving average price is $70.73 and its 200-day moving average price is $38.49.

Institutional Trading of GraniteShares 2x Long MRVL Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Group One Trading LLC bought a new stake in GraniteShares 2x Long MRVL Daily ETF in the second quarter valued at approximately $33,000. SBI Securities Co. Ltd. lifted its position in GraniteShares 2x Long MRVL Daily ETF by 110.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock valued at $54,000 after purchasing an additional 1,196 shares during the last quarter. Simplex Trading LLC lifted its position in GraniteShares 2x Long MRVL Daily ETF by 269.4% in the fourth quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after purchasing an additional 3,394 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in GraniteShares 2x Long MRVL Daily ETF by 225.1% in the third quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after purchasing an additional 15,196 shares during the last quarter.

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.