Short Interest in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Declines By 76.2%

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) saw a large decline in short interest during 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 days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On 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 grew 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 disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

GraniteShares 2x Long META Daily ETF Stock Up 1.8 %

FBL traded up $0.58 during midday trading on Friday, reaching $32.15. The company had a trading volume of 362,944 shares, compared to its average volume of 664,866. GraniteShares 2x Long META Daily ETF has a 12-month low of $14.60 and a 12-month high of $36.12. The business has a 50-day moving average price of $32.66 and a two-hundred day moving average price of $28.37.

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.