GraniteShares 2x Long META Daily ETF (NASDAQ:FBL – Get Free Report) was the target of unusually large options trading on Monday. Investors purchased 3,983 call options on the company. This is an increase of 518% compared to the typical daily volume of 645 call options.
Hedge Funds Weigh In On GraniteShares 2x Long META Daily ETF
A number of hedge funds have recently bought and sold shares of FBL. Jane Street Group LLC grew its stake in GraniteShares 2x Long META Daily ETF by 164.6% in the first quarter. Jane Street Group LLC now owns 17,428 shares of the company’s stock worth $531,000 after purchasing an additional 10,841 shares in the last quarter. StoneX Group Inc. acquired a new position in GraniteShares 2x Long META Daily ETF in the second quarter worth about $370,000. Walleye Capital LLC acquired a new position in GraniteShares 2x Long META Daily ETF in the second quarter worth about $299,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long META Daily ETF in the second quarter worth about $252,000. Finally, SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Long META Daily ETF by 101.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,473 shares of the company’s stock worth $67,000 after purchasing an additional 741 shares in the last quarter.
GraniteShares 2x Long META Daily ETF Stock Down 3.2%
Shares of NASDAQ FBL traded down $1.28 during midday trading on Monday, reaching $39.33. 1,145,209 shares of the company’s stock were exchanged, compared to its average volume of 818,998. GraniteShares 2x Long META Daily ETF has a 52-week low of $20.15 and a 52-week high of $51.74. The business’s fifty day moving average price is $46.19 and its two-hundred day moving average price is $38.94.
GraniteShares 2x Long META Daily ETF Company Profile
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.
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