- What does MVLL invest in?
- This ETF aims to deliver daily investment results, prior to accounting for fees and expenses, that are two times (200%) the daily percentage movement of Marvell Technology, Inc.'s (NASDAQ: MRVL) common stock. It is important to note that the fund's ability to consistently achieve this stated objective is not guaranteed. Furthermore, for investment periods extending beyond a single day, one should not anticipate that the fund's cumulative returns will precisely double those of MRVL.
- What is the expense ratio of MVLL?
- GraniteShares 2x Long MRVL Daily ETF (MVLL) charges an expense ratio of 2.52%. This is the annual fee deducted from fund assets to cover management and operations.
- Is MVLL a good long-term hold?
- MVLL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does MVLL's daily reset work?
- MVLL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is MVLL?
- GraniteShares 2x Long MRVL Daily ETF (MVLL) manages $363.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MVLL actively managed or an index fund?
- MVLL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
