GraniteShares 2x Long META Daily ETF (FBL)
GraniteShares 2x Long META Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $21.15, down 6.70% on the session, giving a market capitalisation of $177.3M. Its beta of 2.79 implies it has historically moved more than the broad market.
This ETF aims to deliver, before any fees or expenses, a daily investment performance that is double (200%) the daily percentage change of Meta Platforms Inc.'s (NASDAQ: META) common stock. However, there is no assurance that the Fund will consistently achieve this stated goal. Furthermore, for durations exceeding a single day, the fund is not expected to match two times the cumulative return of META.
GraniteShares 2x Long META Daily ETF is most often compared with the following Financial Services names: