FBL

GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF

$28.85

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The GraniteShares 2x Long META Daily ETF (FBL) seeks to provide 2x the daily return of the common stock of Meta Platforms, Inc. (META), the parent company of Facebook.

Overview

ETF tracking GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF

Category Leveraged

Issuer Other

Inception Date 2022-12-13

Market Cap $92.0M

Average Volume N/A

Dividend Yield N/A

52-Week Range $20.58 - $51.19

VWAP $28.40

Performance

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Investment Summary

📎 Investment Objective

The GraniteShares 2x Long META Daily ETF (FBL) seeks to provide 2x the daily return of the common stock of Meta Platforms, Inc. (META), the parent company of Facebook.

🎯 Investment Strategy

The ETF uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying META stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of META stock
Utilizes derivatives and leverage to magnify performance
Resets exposure daily, not designed for long-term holding
Very high risk and volatility profile

⚠️ Primary Risks

Significant daily performance amplification, which can lead to large losses
Potential for divergence from the underlying asset's long-term performance
Risks associated with the use of derivatives and leverage
Not suitable for investors with a low risk tolerance or long-term investment horizon

👤 Best For

This ETF is designed for experienced, sophisticated investors with a very high risk tolerance who seek to make short-term, speculative bets on the daily performance of META stock. It is not suitable for most retail investors, especially those with a long-term investment horizon or low risk tolerance.