GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Sees Large Growth in Short Interest

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,280,384 shares, an increase of 725.4% from the June 30th total of 276,268 shares. Based on an average daily volume of 3,439,054 shares, the short-interest ratio is presently 0.7 days. Currently, 21.2% of the company’s shares are short sold.

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 bought a new position in shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,422 shares of the company’s stock, valued at approximately $33,000. Group One Trading LLC owned 0.15% of GraniteShares 2x Long MRVL Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long MRVL Daily ETF Price Performance

Shares of MVLL opened at $22.44 on Monday. GraniteShares 2x Long MRVL Daily ETF has a 12-month low of $4.32 and a 12-month high of $77.67. The firm has a fifty day moving average price of $41.12 and a 200-day moving average price of $21.39.

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.