GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $189.40, but opened at $224.04. GraniteShares 2x Long MRVL Daily ETF shares last traded at $204.27, with a volume of 3,647,275 shares trading hands.

GraniteShares 2x Long MRVL Daily ETF Trading Up 12.5%

The stock’s 50-day moving average is $58.80 and its two-hundred day moving average is $34.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Simplex Trading LLC boosted its holdings 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 period. Group One Trading LLC boosted its stake in GraniteShares 2x Long MRVL Daily ETF by 185.8% in the third quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock valued at $96,000 after acquiring an additional 2,642 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% in the 3rd 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 period. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of 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 acquiring an additional 1,196 shares during the period.

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.