GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report)’s stock price were up 6.7% during trading on Friday . The stock traded as high as $19.79 and last traded at $19.69. 2,252,568 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 1,441,457 shares. The stock had previously closed at $18.46.
GraniteShares 2x Long META Daily ETF Stock Up 6.7%
The stock has a fifty day moving average of $23.86 and a 200 day moving average of $27.04.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FBL. Federation des caisses Desjardins du Quebec boosted its position in shares of GraniteShares 2x Long META Daily ETF by 35.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,350 shares of the company’s stock worth $44,000 after purchasing an additional 350 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of GraniteShares 2x Long META Daily ETF by 24.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,454 shares of the company’s stock worth $80,000 after purchasing an additional 483 shares in the last quarter. Osaic Holdings Inc. bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 2nd quarter valued at $27,000. Group One Trading LLC raised its position in shares of GraniteShares 2x Long META Daily ETF by 17.6% during the 3rd quarter. Group One Trading LLC now owns 6,489 shares of the company’s stock valued at $282,000 after purchasing an additional 971 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of 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 valued at $91,000 after purchasing an additional 2,599 shares during the period.
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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