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

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 510,700 shares, an increase of 104.9% from the January 15th total of 249,200 shares. Based on an average daily trading volume, of 794,200 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On GraniteShares 2x Long META Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 4th quarter valued at approximately $74,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 4th quarter valued at approximately $217,000. Simplex Trading LLC grew its holdings in shares of GraniteShares 2x Long META Daily ETF by 928.1% during the 4th quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock valued at $307,000 after purchasing an additional 8,418 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 4th quarter valued at approximately $957,000. Finally, TRUE Private Wealth Advisors grew its holdings in shares of GraniteShares 2x Long META Daily ETF by 7.1% during the 3rd quarter. TRUE Private Wealth Advisors now owns 42,266 shares of the company’s stock valued at $1,382,000 after purchasing an additional 2,809 shares during the last quarter.

GraniteShares 2x Long META Daily ETF Price Performance

FBL stock traded up $1.15 during mid-day trading on Friday, hitting $51.19. The stock had a trading volume of 570,981 shares, compared to its average volume of 981,204. The firm has a fifty day simple moving average of $38.88 and a 200 day simple moving average of $33.30. GraniteShares 2x Long META Daily ETF has a 52 week low of $18.18 and a 52 week 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.