Short Interest in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Expands By 66.8%

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 33,200 shares, an increase of 66.8% from the July 31st total of 19,900 shares. Based on an average daily trading volume, of 889,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On GraniteShares 2x Long META Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long META Daily ETF stock. Rocky Mountain Advisers LLC bought a new position in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the company’s stock, valued at approximately $79,000. Rocky Mountain Advisers LLC owned approximately 0.12% of GraniteShares 2x Long META Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long META Daily ETF Price Performance

Shares of NASDAQ FBL opened at $27.36 on Friday. GraniteShares 2x Long META Daily ETF has a 1 year low of $14.60 and a 1 year high of $31.29. The firm has a fifty day moving average price of $26.23 and a 200-day moving average price of $25.40.

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.