GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Short Interest Update

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 663,700 shares, a growth of 18.5% from the February 13th total of 559,900 shares. Approximately 14.9% of the company’s shares are sold short. Based on an average daily volume of 873,200 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Several hedge funds have recently added to or reduced their stakes in the business. TRUE Private Wealth Advisors lifted its stake in GraniteShares 2x Long META Daily ETF by 1.6% in the fourth quarter. TRUE Private Wealth Advisors now owns 42,932 shares of the company’s stock worth $1,417,000 after purchasing an additional 666 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $957,000. Simplex Trading LLC raised its stake in shares of GraniteShares 2x Long META Daily ETF by 928.1% during the fourth quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock valued at $307,000 after acquiring an additional 8,418 shares during the last quarter. Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $217,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $74,000.

GraniteShares 2x Long META Daily ETF Price Performance

GraniteShares 2x Long META Daily ETF stock opened at $31.78 on Friday. The firm has a fifty day simple moving average of $40.70 and a two-hundred day simple moving average of $35.55. GraniteShares 2x Long META Daily ETF has a twelve month low of $18.18 and a twelve month high of $51.74.

About GraniteShares 2x Long META Daily ETF

The GraniteShares 1.5x Long Meta Daily ETF (FBL) is an exchange-traded fund that mostly invests in communication services equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Meta Platforms, Inc Class A stock. FBL was launched on Dec 13, 2022 and is managed by GraniteShares.