GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Up – Time to Buy?

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) gapped up before the market opened on Monday . The stock had previously closed at $160.95, but opened at $180.75. GraniteShares 2x Long MRVL Daily ETF shares last traded at $179.32, with a volume of 737,799 shares trading hands.

GraniteShares 2x Long MRVL Daily ETF Trading Down 20.0%

The firm’s 50 day simple moving average is $89.65 and its two-hundred day simple moving average is $45.44.

Institutional Trading of GraniteShares 2x Long MRVL Daily ETF

Institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new stake in GraniteShares 2x Long MRVL Daily ETF during the second quarter valued at $33,000. Simplex Trading LLC increased its stake in GraniteShares 2x Long MRVL Daily ETF by 269.4% during the fourth quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after purchasing an additional 3,394 shares during the last quarter. Finally, Optiver Holding B.V. increased its stake in GraniteShares 2x Long MRVL Daily ETF by 225.1% during the third quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after purchasing an additional 15,196 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.