Short Interest in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Declines By 49.9%

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,143,004 shares, a decrease of 49.9% from the July 15th total of 2,280,384 shares. Approximately 9.4% of the company’s stock are short sold. Based on an average daily trading volume, of 3,136,024 shares, the days-to-cover ratio is presently 0.4 days.

GraniteShares 2x Long MRVL Daily ETF Stock Down 15.7%

Shares of GraniteShares 2x Long MRVL Daily ETF stock traded down $4.84 during trading on Tuesday, hitting $25.92. The company’s stock had a trading volume of 5,432,762 shares, compared to its average volume of 3,535,490. GraniteShares 2x Long MRVL Daily ETF has a 52 week low of $4.32 and a 52 week high of $77.67. The company has a fifty day simple moving average of $36.22 and a two-hundred day simple moving average of $23.34.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC purchased a new position in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned approximately 0.15% of GraniteShares 2x Long MRVL Daily ETF as of its most recent SEC filing.

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.