GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLLGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $189.40, but opened at $224.04. GraniteShares 2x Long MRVL Daily ETF shares last traded at $204.27, with a volume of 3,647,275 shares changing hands.

GraniteShares 2x Long MRVL Daily ETF Stock Up 12.5%

The stock has a 50 day moving average of $58.80 and a two-hundred day moving average of $34.31.

Institutional Investors Weigh In On GraniteShares 2x Long MRVL Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MRVL Daily ETF in the second quarter valued at approximately $33,000. Simplex Trading LLC boosted its holdings 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 worth $100,000 after purchasing an additional 3,394 shares during the last quarter. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long MRVL Daily ETF by 225.1% in the 3rd quarter. Optiver Holding B.V. now owns 21,946 shares of the company’s stock valued at $519,000 after buying an additional 15,196 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in GraniteShares 2x Long MRVL Daily ETF by 110.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,281 shares of the company’s stock valued at $54,000 after purchasing an additional 1,196 shares during the period.

About GraniteShares 2x Long MRVL Daily ETF

(Get Free Report)

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.

Further Reading

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