GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Short Interest Up 83.5% in August

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,097,612 shares, an increase of 83.5% from the July 30th total of 1,143,004 shares. Currently, 17.2% of the company’s stock are sold short. Based on an average daily volume of 2,954,219 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in GraniteShares 2x Long MRVL Daily ETF stock. Group One Trading LLC acquired a new position in GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent reporting period.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

Shares of MVLL stock traded down $6.64 during trading hours on Friday, hitting $25.06. 10,538,044 shares of the company were exchanged, compared to its average volume of 3,682,827. GraniteShares 2x Long MRVL Daily ETF has a one year low of $4.32 and a one year high of $77.67. The business’s 50-day simple moving average is $31.58 and its two-hundred day simple moving average is $24.75.

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.