GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Trading Up 7.8%

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) traded up 7.8% during trading on Thursday . The company traded as high as $31.58 and last traded at $31.22. 780,625 shares traded hands during trading, an increase of 23% from the average session volume of 635,351 shares. The stock had previously closed at $28.95.

GraniteShares 2x Long META Daily ETF Stock Up 7.8 %

The firm’s fifty day moving average is $26.05 and its 200-day moving average is $25.94.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long META Daily ETF stock. Rocky Mountain Advisers LLC bought a new stake in shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the company’s stock, valued at approximately $79,000. Rocky Mountain Advisers LLC owned approximately 0.12% of GraniteShares 2x Long META Daily ETF at the end of the most recent reporting period.

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.