GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Trading Up 0.4% – Should You Buy?

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) traded up 0.4% during mid-day trading on Thursday . The company traded as high as $30.26 and last traded at $30.05. 942,884 shares were traded 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 3.2%

The stock’s fifty day simple moving average is $32.00 and its two-hundred day simple moving average is $37.43.

GraniteShares 2x Long META Daily ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a dividend of $0.6742 per share. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 26.1%.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new position in GraniteShares 2x Long META Daily ETF in the second quarter worth about $27,000. Federation des caisses Desjardins du Quebec grew its holdings in shares of GraniteShares 2x Long META Daily ETF by 35.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,350 shares of the company’s stock valued at $44,000 after buying an additional 350 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of GraniteShares 2x Long META Daily ETF by 101.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,473 shares of the company’s stock valued at $67,000 after acquiring an additional 741 shares in the last quarter. Larson Financial Group LLC raised its holdings in GraniteShares 2x Long META Daily ETF by 1,231.8% in the 4th quarter. Larson Financial Group LLC now owns 2,810 shares of the company’s stock worth $91,000 after acquiring an additional 2,599 shares during the last quarter. Finally, Group One Trading LLC bought a new position in GraniteShares 2x Long META Daily ETF in the 2nd quarter valued at approximately $252,000.

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.