GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Short Interest Update

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 692,388 shares, a decline of 37.0% from the May 14th total of 1,098,527 shares. Based on an average daily trading volume, of 1,147,925 shares, the days-to-cover ratio is currently 0.6 days. Currently, 9.7% of the shares of the stock are short sold.

Institutional Trading of GraniteShares 2x Long META Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HUB Investment Partners LLC bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 3rd quarter worth about $3,478,000. Simplex Trading LLC grew its holdings in GraniteShares 2x Long META Daily ETF by 373.6% during the fourth quarter. Simplex Trading LLC now owns 55,753 shares of the company’s stock worth $1,813,000 after acquiring an additional 43,981 shares during the period. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long META Daily ETF by 126.7% during the first quarter. Optiver Holding B.V. now owns 55,671 shares of the company’s stock worth $1,278,000 after acquiring an additional 31,119 shares during the period. StoneX Group Inc. acquired a new position in GraniteShares 2x Long META Daily ETF during the fourth quarter worth about $662,000. Finally, Jane Street Group LLC grew its holdings in GraniteShares 2x Long META Daily ETF by 164.6% during the first quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock worth $531,000 after acquiring an additional 10,841 shares during the period.

GraniteShares 2x Long META Daily ETF Stock Down 6.6%

Shares of FBL stock traded down $1.58 during midday trading on Wednesday, reaching $22.45. 553,674 shares of the company were exchanged, compared to its average volume of 1,435,243. GraniteShares 2x Long META Daily ETF has a 12 month low of $19.08 and a 12 month high of $51.72. The company’s 50 day moving average price is $26.51 and its two-hundred day moving average price is $29.11.

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.