GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Shares Up 9.3% – Here’s Why

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) shares rose 9.3% during trading on Thursday . The stock traded as high as $26.06 and last traded at $25.91. 3,087,902 shares changed hands during trading, an increase of 113% from the average session volume of 1,448,880 shares. The stock had previously closed at $23.70.

GraniteShares 2x Long META Daily ETF Price Performance

The business’s 50-day moving average is $24.04 and its two-hundred day moving average is $27.85.

Hedge Funds Weigh In On GraniteShares 2x Long META Daily ETF

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of 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. Walleye Capital LLC bought a new stake in GraniteShares 2x Long META Daily ETF during the second quarter worth about $299,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long META Daily ETF during the second quarter worth about $252,000. Osaic Holdings Inc. acquired a new position in GraniteShares 2x Long META Daily ETF during the second quarter valued at approximately $27,000. Finally, NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long META Daily ETF during the third quarter valued at approximately $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.