GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 692,388 shares, a decrease of 37.0% from the May 14th total of 1,098,527 shares. Based on an average daily trading volume, of 1,147,925 shares, the short-interest ratio is currently 0.6 days. Approximately 9.7% of the company’s shares are short sold.
Institutional Trading of GraniteShares 2x Long META Daily ETF
Several hedge funds have recently made changes to their positions in FBL. HUB Investment Partners LLC purchased a new stake in shares of GraniteShares 2x Long META Daily ETF in the 3rd quarter valued at approximately $3,478,000. Simplex Trading LLC boosted its position in shares of GraniteShares 2x Long META Daily ETF by 373.6% during the fourth quarter. Simplex Trading LLC now owns 55,753 shares of the company’s stock worth $1,813,000 after buying an additional 43,981 shares during the period. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long META Daily ETF by 126.7% during the first quarter. Optiver Holding B.V. now owns 55,671 shares of the company’s stock worth $1,278,000 after buying an additional 31,119 shares during the period. StoneX Group Inc. purchased a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter worth $662,000. Finally, NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long META Daily ETF during the third quarter worth $590,000.
GraniteShares 2x Long META Daily ETF Price Performance
GraniteShares 2x Long META Daily ETF stock opened at $21.44 on Monday. The firm has a 50 day simple moving average of $26.48 and a 200-day simple moving average of $29.21. GraniteShares 2x Long META Daily ETF has a 1-year low of $19.08 and a 1-year high of $51.72.
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.
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