GraniteShares 2x Long META Daily ETF (FBL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
20.85 USD
+0.47
(2.306%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 20.88 +0.03 (0.144%) ⇧ (Aug. 28, 2026, 7:58 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 2:41 a.m. EDT
This instrument is a leveraged bet on Meta (META) that has suffered a severe dislocation, trading near its 52-week low while the underlying asset has surged. The short-term outlook is bearish due to the massive drag of the 2x leverage decay; the fund has lost nearly 64% of its value relative to the 200-day moving average, and recent price action shows a volatile, failed attempt to reclaim losses. While the underlying business (META) has shown exceptional growth over the last two years, this specific security is not a proxy for that success; it is a distressed vehicle where the compounding mechanics have eroded capital significantly. The options market confirms this pessimism, with traders buying protection far away from the current price rather than betting on a quick rebound. For a long-term investor, the 2x leverage structure makes this a poor holding compared to the unleveraged stock, and the dividend is negligible given the nature of the product. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.101344 |
| AutoTheta | 0.103150 |
| AutoARIMA | 0.103668 |
| AutoETS | 0.103672 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 38% |
| H-stat | 1.80 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.462 |
| Excess Kurtosis | -0.52 |
As of Aug. 22, 2026, 2:41 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest concentrated significantly out-of-the-money (OTM), particularly at strikes 32 and 35 for September expiration, suggesting a fear of a sharp decline. Conversely, call activity is sparse and clustered near the money or slightly OTM, with very little support at higher strikes, indicating a lack of aggressive bullish conviction despite the recent price recovery.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.08% | 2.08% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-29 | 0.6740 | 2.078964 |
| 2023-12-27 | 8.0044 | 50.724969 |
| Attribute | Value |
|---|---|
| All Time High | 51.74 |
| All Time Low | 4.9708 |
| Ask | 22.01 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 984,070 |
| Average Daily Volume3 Month | 1,328,822 |
| Average Volume | 1,328,822 |
| Average Volume10Days | 984,070 |
| Beta3 Year | 3.06 |
| Bid | 21.93 |
| Bid Size | 1 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 21.635 |
| Day Low | 20.37 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 22.59858 |
| Fifty Day Average Change | -1.748579 |
| Fifty Day Average Change Percent | -0.07737562 |
| Fifty Two Week Change Percent | -53.502167 |
| Fifty Two Week High | 50.408 |
| Fifty Two Week High Change | -29.558 |
| Fifty Two Week High Change Percent | -0.5863752 |
| Fifty Two Week Low | 17.43 |
| Fifty Two Week Low Change | 3.42 |
| Fifty Two Week Low Change Percent | 0.19621342 |
| Fifty Two Week Range | 17.43 - 50.408 |
| First Trade Date Milliseconds | 1,670,941,800,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.470001 |
| Fullday Change Percent | 2.30619 |
| Fullday Price | 20.88 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,670,803,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,022-12-13 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund will aim to primarily obtain its notional exposure against the underlying stock through swap agreements. |
| Long Name | GraniteShares 2x Long META Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1788070415 |
| Nav Price | 20.74 |
| Net Assets | 158,662,192.0 |
| Net Expense Ratio | 1.09 |
| Open | 20.39 |
| Post Market Change | 0.02999878 |
| Post Market Change Percent | 0.14387904 |
| Post Market Price | 20.88 |
| Post Market Time | 1,787,961,525 |
| Previous Close | 20.38 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.470001 |
| Regular Market Change Percent | 2.30619 |
| Regular Market Day High | 21.635 |
| Regular Market Day Low | 20.37 |
| Regular Market Day Range | 20.37 - 21.635 |
| Regular Market Open | 20.39 |
| Regular Market Previous Close | 20.38 |
| Regular Market Price | 20.85 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 744,357 |
| Short Name | GraniteShares 2x Long META Dail |
| Source Interval | 15 |
| Symbol | FBL |
| Three Year Average Return | 0.2173577 |
| Total Assets | 158,662,192 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -23.11597 |
| Trailing Three Month Returns | -23.11597 |
| Triggerable | 1 |
| Two Hundred Day Average | 27.434355 |
| Two Hundred Day Average Change | -6.5843544 |
| Two Hundred Day Average Change Percent | -0.24000399 |
| Type Disp | ETF |
| Volume | 744,357 |
| Yield | 0.0 |
| Ytd Return | -39.52703 |