Short Interest in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Expands By 969.6%

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 913,400 shares, a growth of 969.6% from the October 15th total of 85,400 shares. Based on an average trading volume of 701,900 shares, the short-interest ratio is currently 1.3 days.

GraniteShares 2x Long META Daily ETF Trading Down 0.4 %

NASDAQ FBL traded down $0.14 during trading hours on Thursday, reaching $32.80. 135,733 shares of the stock traded hands, compared to its average volume of 668,362. The stock has a 50 day simple moving average of $31.84 and a two-hundred day simple moving average of $27.67. GraniteShares 2x Long META Daily ETF has a 1 year low of $14.60 and a 1 year high of $36.12.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors lifted its stake in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,457 shares of the company’s stock after purchasing an additional 1,060 shares during the quarter. TRUE Private Wealth Advisors owned about 0.82% of GraniteShares 2x Long META Daily ETF worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

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.