GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Sees Large Decrease in Short Interest

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 217,100 shares, a decline of 76.2% from the October 31st total of 913,400 shares. Based on an average daily trading volume, of 719,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors boosted its holdings in shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,266 shares of the company’s stock after purchasing an additional 2,809 shares during the period. TRUE Private Wealth Advisors owned about 0.87% of GraniteShares 2x Long META Daily ETF worth $1,382,000 at the end of the most recent quarter.

GraniteShares 2x Long META Daily ETF Stock Performance

Shares of NASDAQ:FBL traded down $0.50 during trading on Wednesday, reaching $31.57. 243,311 shares of the company traded hands, compared to its average volume of 666,175. GraniteShares 2x Long META Daily ETF has a 52 week low of $14.60 and a 52 week high of $36.12. The company’s 50 day moving average is $32.64 and its two-hundred day moving average is $28.28.

GraniteShares 2x Long META Daily ETF Company Profile

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.