GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Shares Up 4.2% – Here’s What Happened

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s share price traded up 4.2% on Monday . The company traded as high as $20.49 and last traded at $20.30. 1,716,997 shares changed hands during trading, an increase of 20% from the average session volume of 1,430,678 shares. The stock had previously closed at $19.49.

GraniteShares 2x Long META Daily ETF Price Performance

The business’s 50 day moving average is $29.92 and its 200-day moving average is $33.85.

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

Several large investors have recently bought and sold shares of FBL. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long META Daily ETF during the third quarter valued at $3,478,000. Simplex Trading LLC grew its stake in shares of GraniteShares 2x Long META Daily ETF by 373.6% in the fourth quarter. Simplex Trading LLC now owns 55,753 shares of the company’s stock worth $1,813,000 after purchasing an additional 43,981 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Long META Daily ETF in the fourth quarter worth $662,000. Jane Street Group LLC increased its holdings 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. Finally, NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long META Daily ETF in the third quarter valued at $590,000.

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.