GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Trading 9.8% Higher – Time to Buy?

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) traded up 9.8% during mid-day trading on Thursday . The stock traded as high as $38.64 and last traded at $37.43. 740,360 shares were traded during trading, an increase of 84% from the average session volume of 402,601 shares. The stock had previously closed at $34.10.

GraniteShares 2x Long MRVL Daily ETF Stock Up 9.8%

The firm has a fifty day simple moving average of $21.59 and a 200 day simple moving average of $22.64.

Hedge Funds Weigh In On GraniteShares 2x Long MRVL Daily ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MRVL Daily ETF in the second quarter valued at $33,000. Simplex Trading LLC increased its stake in GraniteShares 2x Long MRVL Daily ETF by 269.4% during the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock worth $100,000 after buying an additional 3,394 shares during the period. Optiver Holding B.V. increased its stake in GraniteShares 2x Long MRVL Daily ETF by 225.1% during the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock worth $519,000 after buying an additional 15,196 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in GraniteShares 2x Long MRVL Daily ETF by 110.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock worth $54,000 after buying an additional 1,196 shares in the last quarter.

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.