GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Sees Significant Growth in Short Interest

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,097,612 shares, an increase of 83.5% from the July 30th total of 1,143,004 shares. Based on an average daily trading volume, of 2,954,219 shares, the days-to-cover ratio is currently 0.7 days. Currently, 17.2% of the shares of the company are sold short.

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

An institutional investor recently bought a new stake in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned about 0.15% of GraniteShares 2x Long MRVL Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long MRVL Daily ETF Trading Down 20.9%

Shares of NASDAQ MVLL traded down $6.64 during midday trading on Friday, hitting $25.06. The company’s stock had a trading volume of 10,538,044 shares, compared to its average volume of 3,682,827. GraniteShares 2x Long MRVL Daily ETF has a 1-year low of $4.32 and a 1-year high of $77.67. The firm’s fifty day moving average price is $31.58 and its 200-day moving average price is $24.75.

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.