Short Interest in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Decreases By 50.7%

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 19,900 shares, a decrease of 50.7% from the July 15th total of 40,400 shares. Based on an average daily volume of 879,300 shares, the short-interest ratio is currently 0.0 days.

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

A hedge fund recently raised its stake in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors increased its stake in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,457 shares of the company’s stock after buying an additional 1,060 shares during the period. TRUE Private Wealth Advisors owned 0.82% of GraniteShares 2x Long META Daily ETF worth $1,053,000 at the end of the most recent reporting period.

GraniteShares 2x Long META Daily ETF Price Performance

FBL stock traded up $1.30 during trading on Tuesday, reaching $28.28. The company had a trading volume of 652,245 shares, compared to its average volume of 653,672. GraniteShares 2x Long META Daily ETF has a 52 week low of $14.60 and a 52 week high of $31.29. The business has a 50 day moving average of $25.86 and a 200 day moving average of $24.65.

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.