GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Short Interest Update

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,143,004 shares, a decrease of 49.9% from the July 15th total of 2,280,384 shares. Based on an average trading volume of 3,136,024 shares, the days-to-cover ratio is currently 0.4 days. Approximately 9.4% of the company’s stock are sold short.

GraniteShares 2x Long MRVL Daily ETF Price Performance

Shares of MVLL traded down $0.12 during mid-day trading on Friday, hitting $27.69. 2,436,246 shares of the company’s stock were exchanged, compared to its average volume of 3,520,196. GraniteShares 2x Long MRVL Daily ETF has a 52 week low of $4.32 and a 52 week high of $77.67. The company has a 50-day simple moving average of $36.78 and a 200 day simple moving average of $23.06.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 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 quarter.

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.