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

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 913,400 shares, an increase of 969.6% from the October 15th total of 85,400 shares. Based on an average trading volume of 701,900 shares, the days-to-cover ratio is presently 1.3 days.

GraniteShares 2x Long META Daily ETF Stock Performance

GraniteShares 2x Long META Daily ETF stock traded up $0.13 during mid-day trading on Tuesday, hitting $33.50. The company’s stock had a trading volume of 1,263,815 shares, compared to its average volume of 671,406. GraniteShares 2x Long META Daily ETF has a one year low of $14.60 and a one year high of $36.12. The company has a 50 day moving average of $31.57 and a 200-day moving average of $27.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors increased its stake in shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,457 shares of the company’s stock after buying 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.

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.