GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Short Interest Update

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 310,187 shares, a decline of 46.3% from the May 31st total of 577,117 shares. Approximately 7.5% of the company’s shares are sold short. Based on an average trading volume of 4,531,043 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On GraniteShares 2x Long MRVL Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long MRVL Daily ETF stock. Simplex Trading LLC raised its holdings in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 269.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,654 shares of the company’s stock after buying an additional 3,394 shares during the period. Simplex Trading LLC owned approximately 0.20% of GraniteShares 2x Long MRVL Daily ETF worth $100,000 as of its most recent SEC filing.

GraniteShares 2x Long MRVL Daily ETF Price Performance

Shares of MVLL opened at $50.08 on Tuesday. GraniteShares 2x Long MRVL Daily ETF has a 1 year low of $4.32 and a 1 year high of $77.67. The company’s 50-day simple moving average is $37.42 and its 200-day simple moving average is $18.08.

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.