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 in 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. Currently, 9.4% of the company’s stock are short sold. Based on an average daily volume of 3,136,024 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long MRVL Daily ETF stock. Simplex Trading LLC boosted its position in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 269.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,654 shares of the company’s stock after buying an additional 3,394 shares during the quarter. Simplex Trading LLC owned approximately 0.20% of GraniteShares 2x Long MRVL Daily ETF worth $100,000 as of its most recent filing with the SEC.

GraniteShares 2x Long MRVL Daily ETF Price Performance

MVLL stock traded down $0.12 during trading hours on Friday, reaching $27.69. 2,436,246 shares of the stock were exchanged, compared to its average volume of 3,520,196. The firm’s 50-day moving average is $36.78 and its 200-day moving average is $23.06. GraniteShares 2x Long MRVL Daily ETF has a 12 month low of $4.32 and a 12 month high of $77.67.

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.