GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Trading 0.4% Higher – Here’s What Happened

Shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) shot up 0.4% on Thursday . The company traded as high as $30.26 and last traded at $30.05. 942,884 shares changed hands during trading, a decline of 46% from the average session volume of 1,754,508 shares. The stock had previously closed at $29.92.

GraniteShares 2x Long META Daily ETF Stock Up 0.4%

The firm has a fifty day moving average of $32.01 and a 200-day moving average of $37.56.

GraniteShares 2x Long META Daily ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a $0.6742 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 26.9%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long META Daily ETF during the 3rd quarter worth about $3,478,000. Simplex Trading LLC increased its stake in 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 valued at $1,813,000 after purchasing an additional 43,981 shares in the last quarter. StoneX Group Inc. bought a new stake in GraniteShares 2x Long META Daily ETF in the fourth quarter valued at approximately $662,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long META Daily ETF in the third quarter worth $590,000. Finally, Jane Street Group LLC boosted its position in shares of GraniteShares 2x Long META Daily ETF by 164.6% during the first quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock worth $531,000 after purchasing an additional 10,841 shares in the last quarter.

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.