GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report) saw a significant growth in short interest in the month of 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 trading volume of 794,200 shares, the short-interest ratio is presently 0.6 days.
GraniteShares 2x Long META Daily ETF Trading Up 2.3 %
Shares of GraniteShares 2x Long META Daily ETF stock opened at $51.19 on Friday. GraniteShares 2x Long META Daily ETF has a fifty-two week low of $18.18 and a fifty-two week high of $51.74. The stock has a 50 day moving average of $38.88 and a 200 day moving average of $33.30.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Long META Daily ETF in the fourth quarter valued at $74,000. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long META Daily ETF in the fourth quarter valued at $217,000. Simplex Trading LLC raised its stake in 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 buying an additional 8,418 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in GraniteShares 2x Long META Daily ETF in the fourth quarter valued at $957,000. Finally, TRUE Private Wealth Advisors raised its stake in GraniteShares 2x Long META Daily ETF by 7.1% in the third quarter. TRUE Private Wealth Advisors now owns 42,266 shares of the company’s stock valued at $1,382,000 after buying an additional 2,809 shares in the last quarter.
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.
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