GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) Stock Price Down 8.7% – Here’s Why

GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) shares traded down 8.7% during trading on Thursday . The stock traded as low as $31.20 and last traded at $31.66. 2,164,321 shares were traded during mid-day trading, an increase of 228% from the average session volume of 660,204 shares. The stock had previously closed at $34.66.

GraniteShares 2x Long META Daily ETF Price Performance

The business has a fifty day simple moving average of $30.82 and a 200 day simple moving average of $27.21.

Institutional Investors Weigh In On 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 position in shares of GraniteShares 2x Long META Daily ETF (NASDAQ:FBL) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,457 shares of the company’s stock after acquiring an additional 1,060 shares during the quarter. TRUE Private Wealth Advisors owned approximately 0.82% of GraniteShares 2x Long META Daily ETF worth $1,053,000 as of its most recent filing with the SEC.

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.