GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Stock Price Up 9.6% – Here’s Why

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s stock price were up 9.6% on Wednesday . The company traded as high as $175.00 and last traded at $170.70. Approximately 557,282 shares were traded during mid-day trading, a decline of 50% from the average session volume of 1,116,021 shares. The stock had previously closed at $155.79.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The company’s 50 day simple moving average is $95.63 and its 200-day simple moving average is $47.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. boosted 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 during the last quarter. Simplex Trading LLC raised its stake in 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 valued at $100,000 after buying an additional 3,394 shares during the last quarter. Finally, Group One Trading LLC raised its stake 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 buying an additional 2,642 shares during 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.