GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report)’s share price fell 0.9% on Friday . The company traded as low as $33.52 and last traded at $36.44. 825,919 shares were traded during mid-day trading, a decline of 17% from the average session volume of 1,000,213 shares. The stock had previously closed at $36.76.
GraniteShares 2x Long META Daily ETF Price Performance
The stock has a fifty day moving average of $41.05 and a two-hundred day moving average of $35.26.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBL. JPMorgan Chase & Co. acquired a new position in GraniteShares 2x Long META Daily ETF in the fourth quarter valued at $957,000. Simplex Trading LLC lifted its stake in shares of GraniteShares 2x Long META Daily ETF by 928.1% during the fourth quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock worth $307,000 after purchasing an additional 8,418 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the fourth quarter worth about $217,000. TRUE Private Wealth Advisors lifted its stake in shares of GraniteShares 2x Long META Daily ETF by 7.1% in the third quarter. TRUE Private Wealth Advisors now owns 42,266 shares of the company’s stock worth $1,382,000 after acquiring an additional 2,809 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in GraniteShares 2x Long META Daily ETF in the fourth quarter valued at about $74,000.
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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