GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Stock Price Up 4.4% – Still a Buy?

Shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) rose 4.4% during trading on Wednesday . The stock traded as high as $26.13 and last traded at $25.86. Approximately 1,207,644 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 1,451,444 shares. The stock had previously closed at $24.76.

GraniteShares 2x Long META Daily ETF Stock Down 1.4%

The company has a fifty day moving average of $27.16 and a 200 day moving average of $30.26.

Institutional Trading of GraniteShares 2x Long META Daily ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in shares of GraniteShares 2x Long META Daily ETF during the 2nd quarter worth approximately $27,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of GraniteShares 2x Long META Daily ETF by 35.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,350 shares of the company’s stock worth $44,000 after buying an additional 350 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of GraniteShares 2x Long META Daily ETF by 33.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,971 shares of the company’s stock worth $86,000 after buying an additional 498 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of GraniteShares 2x Long META Daily ETF by 1,231.8% during the 4th quarter. Larson Financial Group LLC now owns 2,810 shares of the company’s stock worth $91,000 after buying an additional 2,599 shares in the last quarter. Finally, Group One Trading LLC bought a new position in shares of GraniteShares 2x Long META Daily ETF during the 2nd quarter worth 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.