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 growth in short interest in the month of May. As of May 15th, there was short interest totaling 411,768 shares, a growth of 842.7% from the April 30th total of 43,681 shares. Currently, 10.0% of the shares of the company are sold short. Based on an average daily volume of 970,040 shares, the days-to-cover ratio is currently 0.4 days.

GraniteShares 2x Long MRVL Daily ETF Stock Down 0.1%

Shares of MVLL stock traded down $0.07 on Friday, hitting $100.57. 1,441,448 shares of the stock were exchanged, compared to its average volume of 721,668. GraniteShares 2x Long MRVL Daily ETF has a one year low of $12.96 and a one year high of $114.62. The firm’s 50 day moving average is $56.93 and its two-hundred day moving average is $33.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Simplex Trading LLC grew its stake in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% during the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock worth $100,000 after acquiring an additional 3,394 shares during the period. Group One Trading LLC raised its holdings in GraniteShares 2x Long MRVL Daily ETF by 185.8% during the 3rd 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 during the period. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long MRVL Daily ETF by 225.1% during the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after acquiring an additional 15,196 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in GraniteShares 2x Long MRVL Daily ETF by 110.2% during the 3rd 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.