GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Short Interest Down 73.4% in April

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 172,700 shares, a drop of 73.4% from the March 31st total of 648,600 shares. Based on an average daily volume of 1,049,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long META Daily ETF in the 4th quarter valued at about $74,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long META Daily ETF in the 4th quarter valued at $217,000. Simplex Trading LLC lifted its holdings in shares of GraniteShares 2x Long META Daily ETF by 928.1% during the 4th quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock valued at $307,000 after acquiring an additional 8,418 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long META Daily ETF in the fourth quarter valued at about $957,000. Finally, TRUE Private Wealth Advisors lifted its position in GraniteShares 2x Long META Daily ETF by 1.6% during the 4th quarter. TRUE Private Wealth Advisors now owns 42,932 shares of the company’s stock worth $1,417,000 after acquiring an additional 666 shares in the last quarter.

GraniteShares 2x Long META Daily ETF Price Performance

Shares of NASDAQ:FBL traded up $0.20 during midday trading on Monday, reaching $26.31. The company’s stock had a trading volume of 1,527,475 shares, compared to its average volume of 828,441. The business has a 50 day moving average price of $31.87 and a 200 day moving average price of $34.96. GraniteShares 2x Long META Daily ETF has a 1 year low of $19.71 and a 1 year high of $51.74.

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.