GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Up – Here’s Why

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) gapped up before the market opened on Tuesday . The stock had previously closed at $176.01, but opened at $189.43. GraniteShares 2x Long MRVL Daily ETF shares last traded at $171.79, with a volume of 1,207,671 shares.

GraniteShares 2x Long MRVL Daily ETF Trading Down 10.7%

The firm has a fifty day moving average of $78.48 and a 200-day moving average of $41.30.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its holdings 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 during the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MRVL Daily ETF in the second quarter worth $33,000. Simplex Trading LLC increased its position in shares of 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 acquiring an additional 3,394 shares in the last quarter. Finally, Optiver Holding B.V. increased its position in shares of 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 acquiring an additional 15,196 shares in the last quarter.

About GraniteShares 2x Long MRVL Daily ETF

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.