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

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

GraniteShares 2x Long META Daily ETF Stock Down 0.4 %

FBL stock traded down $0.14 during mid-day trading on Thursday, reaching $32.80. The company had a trading volume of 135,733 shares, compared to its average volume of 668,362. GraniteShares 2x Long META Daily ETF has a 52 week low of $14.60 and a 52 week high of $36.12. The stock has a 50 day simple moving average of $31.84 and a two-hundred day simple moving average of $27.67.

Institutional Trading of GraniteShares 2x Long META Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors lifted its holdings in shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,457 shares of the company’s stock after buying an additional 1,060 shares during the period. 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 SEC.

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.