Short Interest in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Declines By 37.0%

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. Approximately 9.7% of the company’s shares are sold short. Based on an average trading volume of 1,147,925 shares, the days-to-cover ratio is presently 0.6 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FBL. Osaic Holdings Inc. acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the second quarter worth about $27,000. Federation des caisses Desjardins du Quebec grew its position in shares of GraniteShares 2x Long META Daily ETF by 35.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,350 shares of the company’s stock worth $44,000 after buying an additional 350 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of GraniteShares 2x Long META Daily ETF by 24.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,454 shares of the company’s stock worth $80,000 after buying an additional 483 shares in the last quarter. Larson Financial Group LLC grew its position in shares of GraniteShares 2x Long META Daily ETF by 1,231.8% during the fourth quarter. Larson Financial Group LLC now owns 2,810 shares of the company’s stock worth $91,000 after buying an additional 2,599 shares in the last quarter. Finally, Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the second quarter worth about $252,000.

GraniteShares 2x Long META Daily ETF Stock Performance

NASDAQ FBL traded up $0.53 during trading on Tuesday, hitting $24.03. The stock had a trading volume of 609,871 shares, compared to its average volume of 1,444,129. The firm has a 50 day moving average price of $26.49 and a 200 day moving average price of $29.16. GraniteShares 2x Long META Daily ETF has a twelve month low of $19.08 and a twelve month high of $51.72.

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.