GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Shares Down 1.4% – What’s Next?

Shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) were down 1.4% during mid-day trading on Tuesday . The stock traded as low as $26.41 and last traded at $27.71. Approximately 2,500,071 shares changed hands during trading, an increase of 128% from the average daily volume of 1,096,944 shares. The stock had previously closed at $28.11.

GraniteShares 2x Long META Daily ETF Stock Down 1.4%

The stock has a 50-day simple moving average of $40.19 and a 200 day simple moving average of $41.23.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. HUB Investment Partners LLC purchased a new stake in shares of GraniteShares 2x Long META Daily ETF in the 3rd quarter valued at approximately $3,478,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long META Daily ETF in the 3rd quarter valued at approximately $590,000. Jane Street Group LLC raised its position in GraniteShares 2x Long META Daily ETF by 164.6% in the first quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock valued at $531,000 after purchasing an additional 10,841 shares during the period. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long META Daily ETF in the second quarter valued at approximately $370,000. Finally, Walleye Capital LLC acquired a new position in GraniteShares 2x Long META Daily ETF during the second quarter worth $299,000.

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.