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

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) shot up 16.9% during trading on Monday . The stock traded as high as $180.00 and last traded at $173.64. 2,276,146 shares changed hands during 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 Trading Up 26.7%

The stock has a fifty day moving average of $70.73 and a two-hundred day moving average of $38.49.

Institutional Investors Weigh In On GraniteShares 2x Long MRVL Daily ETF

A number of hedge funds have recently made changes to their positions in MVLL. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MRVL Daily ETF in the 2nd quarter valued at $33,000. SBI Securities Co. Ltd. boosted its stake in shares of GraniteShares 2x Long MRVL Daily ETF by 110.2% in the 3rd 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 in the last quarter. Simplex Trading LLC boosted its stake in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% in the 4th 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 in the last quarter. Finally, Optiver Holding B.V. boosted its stake 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 in the last 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.