GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Sees Large Decrease in Short Interest

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 217,100 shares, a drop of 76.2% from the October 31st total of 913,400 shares. Based on an average trading volume of 719,700 shares, the short-interest ratio is currently 0.3 days.

GraniteShares 2x Long META Daily ETF Stock Down 1.6 %

NASDAQ:FBL traded down $0.50 during trading hours on Wednesday, hitting $31.57. 243,311 shares of the company were exchanged, compared to its average volume of 666,175. GraniteShares 2x Long META Daily ETF has a one year low of $14.60 and a one year high of $36.12. The company has a fifty day simple moving average of $32.64 and a 200 day simple moving average of $28.28.

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 boosted its position in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,266 shares of the company’s stock after buying an additional 2,809 shares during the period. TRUE Private Wealth Advisors owned approximately 0.87% of GraniteShares 2x Long META Daily ETF worth $1,382,000 at the end of the most recent 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.