GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Sees Large Growth in Short Interest

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

GraniteShares 2x Long META Daily ETF Stock Up 2.3 %

Shares of NASDAQ:FBL opened at $51.19 on Friday. The business’s 50-day moving average is $38.88 and its 200 day moving average is $33.30. GraniteShares 2x Long META Daily ETF has a 1 year low of $18.18 and a 1 year high of $51.74.

Hedge Funds Weigh In On GraniteShares 2x Long META Daily ETF

Hedge funds have recently made changes to their positions in the company. TRUE Private Wealth Advisors increased its holdings in shares of GraniteShares 2x Long META Daily ETF by 1.6% in the fourth quarter. TRUE Private Wealth Advisors now owns 42,932 shares of the company’s stock valued at $1,417,000 after purchasing an additional 666 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long META Daily ETF in the fourth quarter valued at approximately $957,000. Simplex Trading LLC increased its holdings in shares of 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 valued at $307,000 after purchasing an additional 8,418 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long META Daily ETF in the fourth quarter valued at approximately $217,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Long META Daily ETF in the fourth quarter valued at approximately $74,000.

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.