GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Trading 13.3% Higher – Here’s Why

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL)’s stock price traded up 13.3% during mid-day trading on Tuesday . The stock traded as high as $58.00 and last traded at $56.73. Approximately 4,969,839 shares changed hands during trading, an increase of 39% from the average daily volume of 3,588,226 shares. The stock had previously closed at $50.08.

GraniteShares 2x Long MRVL Daily ETF Stock Down 22.7%

The stock has a 50 day simple moving average of $38.80 and a two-hundred day simple moving average of $18.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

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.