GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Stock Price Up 0.8% – What’s Next?

Shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) rose 0.8% on Thursday . The company traded as high as $50.13 and last traded at $50.04. Approximately 718,043 shares changed hands during trading, a decline of 28% from the average daily volume of 995,321 shares. The stock had previously closed at $49.66.

GraniteShares 2x Long META Daily ETF Stock Performance

The firm has a 50 day moving average price of $38.60 and a 200-day moving average price of $33.18.

Institutional Investors Weigh In On GraniteShares 2x Long META Daily ETF

Several institutional investors have recently modified their holdings of the business. TRUE Private Wealth Advisors lifted its holdings in GraniteShares 2x Long META Daily ETF by 1.6% in the fourth quarter. TRUE Private Wealth Advisors now owns 42,932 shares of the company’s stock valued at $1,417,000 after buying an additional 666 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 4th quarter valued at $957,000. Simplex Trading LLC raised its position 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 during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long META Daily ETF in the 4th quarter valued at $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.