GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Short Interest Up 18.5% in February

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 663,700 shares, a growth of 18.5% from the February 13th total of 559,900 shares. Approximately 14.9% of the company’s shares are short sold. Based on an average trading volume of 873,200 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of GraniteShares 2x Long META Daily ETF

A number of institutional investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors boosted its position in GraniteShares 2x Long META Daily ETF by 1.6% during the fourth quarter. TRUE Private Wealth Advisors now owns 42,932 shares of the company’s stock valued at $1,417,000 after acquiring an additional 666 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $74,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $217,000. Simplex Trading LLC raised its holdings in shares of GraniteShares 2x Long META Daily ETF by 928.1% during the fourth quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock valued at $307,000 after purchasing an additional 8,418 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter valued at about $957,000.

GraniteShares 2x Long META Daily ETF Stock Down 7.5 %

Shares of FBL opened at $31.34 on Wednesday. The firm’s fifty day simple moving average is $40.86 and its two-hundred day simple moving average is $35.60. GraniteShares 2x Long META Daily ETF has a 12 month low of $18.18 and a 12 month high of $51.74.

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.