GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 411,768 shares, a growth of 842.7% from the April 30th total of 43,681 shares. Approximately 10.0% of the company’s stock are short sold. Based on an average daily volume of 970,040 shares, the days-to-cover ratio is currently 0.4 days.
GraniteShares 2x Long MRVL Daily ETF Trading Down 0.1%
Shares of GraniteShares 2x Long MRVL Daily ETF stock opened at $100.57 on Friday. The company has a 50-day simple moving average of $56.93 and a two-hundred day simple moving average of $33.64. GraniteShares 2x Long MRVL Daily ETF has a one year low of $12.96 and a one year high of $114.62.
Hedge Funds Weigh In On GraniteShares 2x Long MRVL Daily ETF
Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 110.2% during the third quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock valued at $54,000 after acquiring an additional 1,196 shares in the last quarter. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MRVL Daily ETF during the second quarter valued at about $33,000. Simplex Trading LLC increased its holdings in shares of 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 acquiring an additional 3,394 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in shares of 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 acquiring an additional 15,196 shares in the last quarter.
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.
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