GraniteShares 2x Long META Daily ETF Target of Unusually Large Options Trading (NASDAQ:FBL)

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) was the target of some unusual options trading activity on Monday. Investors bought 3,983 call options on the stock. This represents an increase of 518% compared to the typical volume of 645 call options.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new position in GraniteShares 2x Long META Daily ETF during the second quarter worth about $27,000. SBI Securities Co. Ltd. boosted its stake in shares of GraniteShares 2x Long META Daily ETF by 101.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,473 shares of the company’s stock valued at $67,000 after purchasing an additional 741 shares in the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long META Daily ETF during the 2nd quarter valued at approximately $252,000. Walleye Capital LLC acquired a new position in GraniteShares 2x Long META Daily ETF during the 2nd quarter worth approximately $299,000. Finally, StoneX Group Inc. acquired a new position in GraniteShares 2x Long META Daily ETF during the 2nd quarter worth approximately $370,000.

GraniteShares 2x Long META Daily ETF Stock Up 1.4%

Shares of FBL stock opened at $41.18 on Tuesday. GraniteShares 2x Long META Daily ETF has a fifty-two week low of $20.15 and a fifty-two week high of $51.74. The stock’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $38.99.

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.