GraniteShares 2x Long META Daily ETF (FBL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
32.87 USD
+1.09
(3.430%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 32.79 -0.08 (-0.080%) ⇩ (April 17, 2026, 7:54 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 18, 2026, 10:31 p.m. EDT
FBL is fundamentally flawed as a multi-year hold due to its 2x daily reset mechanism compounding decay during flat markets and high volatility, making it unsuitable for FFA investors despite current Meta growth; technically, it shows a short-term bullish breakout signal as price reclaims multi-week averages, but the lack of a higher timeframe 200-day trend (price is -10% below 200 DMA) creates risk of a mean reversion shakeout, leading to a 'wait-and-see' stance with a short-term bias for momentum if the reversal holds. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.159074 |
| AutoARIMA | 0.159074 |
| MSTL | 0.161602 |
| AutoTheta | 0.181428 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 11.84 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.358 |
| Excess Kurtosis | 0.02 |
As of April 18, 2026, 10:31 p.m. EDT: Speculators are displaying mixed signals with a net bullish flow in implied volume but heavy out-of-the-money long options positioning. The 04-17 expiry shows exceptional volume at the 47 and 55 strikes (calls), suggesting a 20-30% upside bet for week-end closing. Conversely, the 04-17 puts show massive activity at the 20 and 27 strikes, indicating significant hedging or a barbell strategy buying downside protection near the previous lows. The June and July data confirm sustained OI walls and volume spikes at upside probability levels (45-50 strikes), while downside blocks are concentrated below the current price (20-29). This asymmetry suggests speculators are positioning for continued Meta rally but are actively insured against a gap down.
| 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 | 51.763631 |
| Attribute | Value |
|---|---|
| All Time High | 51.74 |
| All Time Low | 4.9708 |
| Ask | 40.88 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 1,287,190 |
| Average Daily Volume3 Month | 1,477,882 |
| Average Volume | 1,477,882 |
| Average Volume10Days | 1,287,190 |
| Beta3 Year | 3.35 |
| Bid | 23.46 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 33.11 |
| Day Low | 31.68 |
| Dividend Yield | 2.93 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 28.39234 |
| Fifty Day Average Change | 4.477659 |
| Fifty Day Average Change Percent | 0.15770659 |
| Fifty Two Week Change Percent | 59.718166 |
| Fifty Two Week High | 51.715 |
| Fifty Two Week High Change | -18.845001 |
| Fifty Two Week High Change Percent | -0.36440107 |
| Fifty Two Week Low | 19.075 |
| Fifty Two Week Low Change | 13.794998 |
| Fifty Two Week Low Change Percent | 0.72319776 |
| Fifty Two Week Range | 19.075 - 51.715 |
| First Trade Date Milliseconds | 1,670,941,800,000 |
| Full Exchange Name | NasdaqGM |
| 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 | 32.86 |
| Net Assets | 192,971,824.0 |
| Net Expense Ratio | 1.09 |
| Open | 32.03 |
| Post Market Change | -0.07999802 |
| Post Market Change Percent | -0.243377 |
| Post Market Price | 32.79 |
| Post Market Time | 1,776,470,064 |
| Previous Close | 31.78 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.09 |
| Regular Market Change Percent | 3.42982 |
| Regular Market Day High | 33.11 |
| Regular Market Day Low | 31.68 |
| Regular Market Day Range | 31.68 - 33.11 |
| Regular Market Open | 32.03 |
| Regular Market Previous Close | 31.78 |
| Regular Market Price | 32.87 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 1,505,428 |
| Short Name | GraniteShares 2x Long META Dail |
| Source Interval | 15 |
| Symbol | FBL |
| Three Year Average Return | 0.5957738 |
| Total Assets | 192,971,824 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -29.45332 |
| Trailing Three Month Returns | -29.45332 |
| Triggerable | 1 |
| Two Hundred Day Average | 36.300175 |
| Two Hundred Day Average Change | -3.4301758 |
| Two Hundred Day Average Change Percent | -0.094494745 |
| Type Disp | ETF |
| Volume | 1,505,428 |
| Yield | 0.0293 |
| Ytd Return | -29.45332 |