GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Stock Price Up 0.8% – Time to Buy?

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s stock price traded up 0.8% on Thursday . The stock traded as high as $50.13 and last traded at $50.04. 718,043 shares changed hands during trading, a decline of 28% from the average session volume of 995,321 shares. The stock had previously closed at $49.66.

GraniteShares 2x Long META Daily ETF Trading Up 0.8 %

The business has a 50-day moving average price of $38.60 and a 200-day moving average price of $33.18.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Several institutional investors have recently made changes to their positions in FBL. TRUE Private Wealth Advisors grew its position in GraniteShares 2x Long META Daily ETF by 7.1% in the third quarter. TRUE Private Wealth Advisors now owns 42,266 shares of the company’s stock valued at $1,382,000 after acquiring an additional 2,809 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long META Daily ETF in the 4th quarter valued at $957,000. Simplex Trading LLC boosted its stake in shares of GraniteShares 2x Long META Daily ETF by 928.1% in the 4th quarter. Simplex Trading LLC now owns 9,325 shares of the company’s stock valued at $307,000 after purchasing an additional 8,418 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long META Daily ETF in the 4th quarter worth about $74,000.

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.