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

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long MRVL Daily ETF stock. Simplex Trading LLC boosted its stake in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) by 269.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,654 shares of the company’s stock after buying an additional 3,394 shares during the quarter. Simplex Trading LLC owned approximately 0.20% of GraniteShares 2x Long MRVL Daily ETF worth $100,000 at the end of the most recent reporting period.

GraniteShares 2x Long MRVL Daily ETF Trading Up 12.4%

Shares of GraniteShares 2x Long MRVL Daily ETF stock traded up $3.43 during trading on Monday, hitting $31.12. 3,800,164 shares of the company’s stock were exchanged, compared to its average volume of 3,521,107. The business has a 50-day simple moving average of $36.78 and a 200-day simple moving average of $23.17. GraniteShares 2x Long MRVL Daily ETF has a 52-week low of $4.32 and a 52-week high of $77.67.

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.