GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Stock Price Up 2.4% – Here’s What Happened

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s stock price rose 2.4% on Wednesday . The company traded as high as $38.15 and last traded at $37.01. Approximately 806,712 shares traded hands during trading, an increase of 18% from the average daily volume of 681,945 shares. The stock had previously closed at $36.16.

GraniteShares 2x Long META Daily ETF Stock Up 2.4 %

The business has a 50 day moving average of $34.58 and a 200 day moving average of $31.02.

Institutional Trading of GraniteShares 2x Long META Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long META Daily ETF stock. TRUE Private Wealth Advisors increased its holdings in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,266 shares of the company’s stock after acquiring an additional 2,809 shares during the quarter. TRUE Private Wealth Advisors owned about 0.87% of GraniteShares 2x Long META Daily ETF worth $1,382,000 as of its most recent filing with the Securities & Exchange Commission.

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.