GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Up 1.8% – Should You Buy?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) shot up 1.8% on Tuesday . The stock traded as high as $18.05 and last traded at $17.56. 116,195 shares traded hands during trading, a decline of 61% from the average session volume of 301,625 shares. The stock had previously closed at $17.25.

GraniteShares 2x Long MRVL Daily ETF Trading Up 1.8%

The business has a fifty day moving average price of $19.79 and a 200 day moving average price of $21.39.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MVLL. SBI Securities Co. Ltd. acquired a new stake in GraniteShares 2x Long MRVL Daily ETF during the second quarter worth about $25,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MRVL Daily ETF during the 2nd quarter worth approximately $33,000. Simplex Trading LLC increased its position in shares of GraniteShares 2x Long MRVL Daily ETF by 269.4% during the fourth quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after purchasing an additional 3,394 shares during the period. Finally, Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% during the third quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after purchasing an additional 15,196 shares during the period.

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.