GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) Shares Gap Up – Here’s Why

Shares of GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) gapped up before the market opened on Thursday . The stock had previously closed at $149.82, but opened at $166.05. GraniteShares 2x Long MRVL Daily ETF shares last traded at $142.52, with a volume of 624,294 shares changing hands.

GraniteShares 2x Long MRVL Daily ETF Price Performance

The stock has a fifty day simple moving average of $106.15 and a 200-day simple moving average of $51.68.

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

Several large investors have recently made changes to their positions in MVLL. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MRVL Daily ETF during the second quarter worth $33,000. Optiver Holding B.V. increased its holdings in 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 buying an additional 15,196 shares in the last quarter. Finally, Simplex Trading LLC increased its holdings in GraniteShares 2x Long MRVL Daily ETF by 269.4% in the fourth 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 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.