Shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report) were up 1.4% on Thursday . The stock traded as high as $27.71 and last traded at $26.47. Approximately 2,342,203 shares changed hands during trading, an increase of 60% from the average daily volume of 1,465,524 shares. The stock had previously closed at $26.10.
GraniteShares 2x Long META Daily ETF Stock Performance
The company has a 50 day moving average of $26.45 and a two-hundred day moving average of $29.44.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new position in GraniteShares 2x Long META Daily ETF during the 2nd quarter worth $27,000. Federation des caisses Desjardins du Quebec grew its stake in GraniteShares 2x Long META Daily ETF by 35.0% during the 4th 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. SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Long META Daily ETF by 24.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,454 shares of the company’s stock worth $80,000 after buying an additional 483 shares during the last quarter. Larson Financial Group LLC grew its stake in GraniteShares 2x Long META Daily ETF by 1,231.8% during the 4th quarter. Larson Financial Group LLC now owns 2,810 shares of the company’s stock worth $91,000 after buying an additional 2,599 shares during the last quarter. Finally, Group One Trading LLC purchased a new position in GraniteShares 2x Long META Daily ETF during the 2nd quarter worth $252,000.
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.
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