Short Interest in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Decreases By 20.8%

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 121,000 shares, a decrease of 20.8% from the August 15th total of 152,700 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily volume of 525,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 525,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.0% of the company’s stock are short sold.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Several hedge funds have recently made changes to their positions in FBL. Jane Street Group LLC raised its holdings in GraniteShares 2x Long META Daily ETF by 164.6% in the first quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock valued at $531,000 after acquiring an additional 10,841 shares in the last quarter. StoneX Group Inc. acquired a new stake in GraniteShares 2x Long META Daily ETF in the second quarter valued at approximately $370,000. Walleye Capital LLC acquired a new stake in GraniteShares 2x Long META Daily ETF in the second quarter valued at approximately $299,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long META Daily ETF in the second quarter valued at approximately $252,000. Finally, SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Long META Daily ETF by 101.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,473 shares of the company’s stock valued at $67,000 after purchasing an additional 741 shares during the last quarter.

GraniteShares 2x Long META Daily ETF Price Performance

Shares of FBL opened at $48.86 on Friday. GraniteShares 2x Long META Daily ETF has a 1 year low of $20.15 and a 1 year high of $51.74. The company’s 50-day simple moving average is $45.73 and its 200-day simple moving average is $38.18.

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.