GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report)’s share price shot up 6.7% during trading on Friday . The company traded as high as $19.79 and last traded at $19.69. 2,252,568 shares were traded during trading, an increase of 56% from the average session volume of 1,441,457 shares. The stock had previously closed at $18.46.
GraniteShares 2x Long META Daily ETF Price Performance
The firm has a 50-day simple moving average of $23.86 and a 200-day simple moving average of $27.04.
Hedge Funds Weigh In On GraniteShares 2x Long META Daily ETF
Several institutional investors have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec boosted its holdings in shares of 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 worth $44,000 after buying an additional 350 shares during the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long META Daily ETF during the second quarter valued at approximately $252,000. Walleye Capital LLC purchased a new stake in GraniteShares 2x Long META Daily ETF during the second quarter valued at approximately $299,000. StoneX Group Inc. bought a new position in GraniteShares 2x Long META Daily ETF in the fourth quarter worth approximately $662,000. Finally, Simplex Trading LLC raised its position in GraniteShares 2x Long META Daily ETF by 373.6% in the fourth quarter. Simplex Trading LLC now owns 55,753 shares of the company’s stock worth $1,813,000 after acquiring an additional 43,981 shares during the period.
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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