GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Up 15.1% – What’s Next?

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) shot up 15.1% during trading on Thursday . The stock traded as high as $39.38 and last traded at $38.63. 1,308,401 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 3,595,160 shares. The stock had previously closed at $33.56.

GraniteShares 2x Long MRVL Daily ETF Stock Up 14.3%

The stock’s fifty day simple moving average is $40.28 and its 200-day simple moving average is $19.73.

Hedge Funds Weigh In On GraniteShares 2x Long MRVL Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned approximately 0.15% of GraniteShares 2x Long MRVL Daily ETF at the end of the most recent 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.