Short Interest in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Declines By 94.1%

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLLGet Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 43,681 shares, a drop of 94.1% from the April 15th total of 744,423 shares. Based on an average trading volume of 1,147,527 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.1% of the company’s shares are short sold.

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

A number of hedge funds have recently made changes to their positions in MVLL. Optiver Holding B.V. increased its holdings 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 worth $519,000 after purchasing an additional 15,196 shares in the last quarter. Simplex Trading LLC increased 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 worth $100,000 after purchasing an additional 3,394 shares in the last quarter. Group One Trading LLC increased its holdings 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 worth $96,000 after purchasing an additional 2,642 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings 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 worth $54,000 after purchasing an additional 1,196 shares in the last quarter.

GraniteShares 2x Long MRVL Daily ETF Price Performance

Shares of MVLL traded down $7.84 during mid-day trading on Tuesday, reaching $64.65. 549,935 shares of the company were exchanged, compared to its average volume of 584,831. GraniteShares 2x Long MRVL Daily ETF has a 52 week low of $12.96 and a 52 week high of $77.46. The business has a 50 day simple moving average of $38.49 and a two-hundred day simple moving average of $27.68.

About GraniteShares 2x Long MRVL Daily ETF

(Get Free Report)

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.

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