GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Short Interest Up 18.5% in February

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 663,700 shares, an increase of 18.5% from the February 13th total of 559,900 shares. Approximately 14.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 873,200 shares, the short-interest ratio is currently 0.8 days.

GraniteShares 2x Long META Daily ETF Stock Performance

FBL stock opened at $31.55 on Thursday. The firm’s 50-day moving average is $40.78 and its two-hundred day moving average is $35.57. GraniteShares 2x Long META Daily ETF has a 52 week low of $18.18 and a 52 week high of $51.74.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors increased its position 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 period. SBI Securities Co. Ltd. bought a new position in GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $74,000. Simplex Trading LLC grew its holdings in GraniteShares 2x Long META Daily ETF by 928.1% during 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 during the period. JPMorgan Chase & Co. bought a new stake in GraniteShares 2x Long META Daily ETF in the fourth quarter worth about $957,000. Finally, Jane Street Group LLC acquired a new stake in GraniteShares 2x Long META Daily ETF in the 4th quarter valued at about $217,000.

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.