GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Shares Up 3.2% – Here’s Why

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s stock price shot up 3.2% on Monday . The stock traded as high as $19.70 and last traded at $19.54. Approximately 523,719 shares were traded during trading, a decline of 62% from the average daily volume of 1,380,773 shares. The stock had previously closed at $18.93.

GraniteShares 2x Long META Daily ETF Price Performance

The firm’s 50 day moving average price is $22.74 and its 200-day moving average price is $25.78.

Hedge Funds Weigh In On GraniteShares 2x Long META Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec increased its holdings in GraniteShares 2x Long META Daily ETF by 35.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,350 shares of the company’s stock valued at $44,000 after purchasing an additional 350 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of GraniteShares 2x Long META Daily ETF by 24.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,454 shares of the company’s stock valued at $80,000 after acquiring an additional 483 shares during the period. Osaic Holdings Inc. bought a new position in GraniteShares 2x Long META Daily ETF during the 2nd quarter worth approximately $27,000. Group One Trading LLC boosted its stake in GraniteShares 2x Long META Daily ETF by 17.6% during the 3rd quarter. Group One Trading LLC now owns 6,489 shares of the company’s stock worth $282,000 after acquiring an additional 971 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in GraniteShares 2x Long META Daily ETF by 1,231.8% during the fourth quarter. Larson Financial Group LLC now owns 2,810 shares of the company’s stock valued at $91,000 after purchasing an additional 2,599 shares during the period.

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.