GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report) shares were up 3.2% during trading on Monday . The company traded as high as $19.70 and last traded at $19.54. 523,719 shares changed hands during mid-day 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 Stock Performance
The company has a fifty day simple moving average of $22.74 and a two-hundred day simple moving average of $25.78.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Simplex Trading LLC boosted its holdings in shares of 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 valued at $1,813,000 after buying an additional 43,981 shares during the period. Optiver Holding B.V. raised its holdings 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 acquiring an additional 31,119 shares during the period. StoneX Group Inc. bought a new stake in GraniteShares 2x Long META Daily ETF in the 4th quarter valued at $662,000. Jane Street Group LLC lifted its position in GraniteShares 2x Long META Daily ETF by 164.6% in the 1st quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock valued at $531,000 after acquiring an additional 10,841 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long META Daily ETF in the 3rd quarter worth $590,000.
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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