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 growth in short interest in 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. Based on an average daily volume of 873,200 shares, the short-interest ratio is currently 0.8 days. Currently, 14.9% of the shares of the stock are short sold.

GraniteShares 2x Long META Daily ETF Trading Up 0.7 %

Shares of NASDAQ:FBL opened at $31.78 on Friday. GraniteShares 2x Long META Daily ETF has a 52-week low of $18.18 and a 52-week high of $51.74. The firm has a fifty day moving average of $40.70 and a 200 day moving average of $35.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Long META Daily ETF in the fourth quarter worth $74,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long META Daily ETF in the fourth quarter worth $217,000. Simplex Trading LLC grew its position in GraniteShares 2x Long META Daily ETF by 928.1% in the fourth quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock worth $307,000 after acquiring an additional 8,418 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in GraniteShares 2x Long META Daily ETF in the fourth quarter worth $957,000. Finally, TRUE Private Wealth Advisors grew its position in GraniteShares 2x Long META Daily ETF by 7.1% in the third quarter. TRUE Private Wealth Advisors now owns 42,266 shares of the company’s stock worth $1,382,000 after acquiring an additional 2,809 shares in the last quarter.

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.