GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Shares Up 5.4% – What’s Next?

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s stock price traded up 5.4% during mid-day trading on Monday . The stock traded as high as $27.58 and last traded at $27.36. Approximately 1,346,191 shares were traded during mid-day trading, a decline of 2% from the average session volume of 1,370,468 shares. The stock had previously closed at $25.95.

GraniteShares 2x Long META Daily ETF Stock Up 1.7%

The company has a 50 day moving average of $23.17 and a two-hundred day moving average of $24.92.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long META Daily ETF stock. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 126.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,671 shares of the company’s stock after acquiring an additional 31,119 shares during the period. Optiver Holding B.V. owned approximately 0.78% of GraniteShares 2x Long META Daily ETF worth $1,278,000 at the end of the most recent reporting 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.