GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Short Interest Down 76.2% in November

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

GraniteShares 2x Long META Daily ETF Stock Performance

NASDAQ:FBL traded up $0.58 during mid-day trading on Friday, reaching $32.15. The stock had a trading volume of 362,944 shares, compared to its average volume of 664,866. GraniteShares 2x Long META Daily ETF has a one year low of $14.60 and a one year high of $36.12. The firm has a 50 day moving average price of $32.66 and a two-hundred day moving average price of $28.37.

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

An institutional investor recently raised its position in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors increased its holdings in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,457 shares of the company’s stock after purchasing an additional 1,060 shares during the quarter. TRUE Private Wealth Advisors owned 0.82% of GraniteShares 2x Long META Daily ETF worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

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.