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

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL)’s stock price 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 were traded 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 Performance

The business has a 50 day simple moving average of $26.17 and a 200 day simple moving average of $25.99.

Institutional Trading of GraniteShares 2x Long META Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long META Daily ETF stock. Rocky Mountain Advisers LLC purchased a new position in GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing.

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.