GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Shares Down 0.7% – Here’s What Happened

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s stock price traded down 0.7% during trading on Tuesday . The company traded as low as $30.84 and last traded at $30.95. 770,473 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,421,022 shares. The stock had previously closed at $31.18.

GraniteShares 2x Long META Daily ETF Stock Down 0.7%

The business’s 50 day simple moving average is $28.08 and its 200 day simple moving average is $31.77.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FBL. HUB Investment Partners LLC bought a new stake in shares of GraniteShares 2x Long META Daily ETF in the 3rd quarter worth about $3,478,000. Simplex Trading LLC lifted its holdings in shares of GraniteShares 2x Long META Daily ETF by 373.6% in the 4th quarter. Simplex Trading LLC now owns 55,753 shares of the company’s stock worth $1,813,000 after acquiring 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 4th quarter worth about $662,000. Jane Street Group LLC lifted its holdings in shares of GraniteShares 2x Long META Daily ETF by 164.6% in the 1st quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock worth $531,000 after acquiring an additional 10,841 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long META Daily ETF in the 3rd quarter worth about $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.