GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Sees Large Volume Increase – Time to Buy?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) saw strong trading volume on Thursday . Approximately 677,083 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 1,128,271 shares.The stock last traded at $194.46 and had previously closed at $168.12.

GraniteShares 2x Long MRVL Daily ETF Stock Performance

The firm’s 50 day moving average price is $98.82 and its two-hundred day moving average price is $48.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long MRVL Daily ETF by 225.1% in 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. Simplex Trading LLC grew its position in GraniteShares 2x Long MRVL Daily ETF by 269.4% in the 4th quarter. Simplex Trading LLC now owns 4,654 shares of the company’s stock valued at $100,000 after buying an additional 3,394 shares during the last quarter. Finally, Group One Trading LLC increased its stake in GraniteShares 2x Long MRVL Daily ETF by 185.8% in the 3rd quarter. Group One Trading LLC now owns 4,064 shares of the company’s stock valued at $96,000 after buying an additional 2,642 shares during the period.

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.