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.
Frequently asked questions
What is the GraniteShares 1.5x Long Meta Daily ETF (FBL) expense ratio?
The GraniteShares 1.5x Long Meta Daily ETF funds expense ratio is 1.15%.
What is GraniteShares 1.5x Long Meta Daily ETF (FBL) current stock price?
As of the latest data, GraniteShares 1.5x Long Meta Daily ETF stock price is $22.28, with a previous close of $21.15. GraniteShares 1.5x Long Meta Daily ETF gained $1.13 in the last trading session, representing a 5.34% increase.
Does GraniteShares 1.5x Long Meta Daily ETF (FBL) pay dividends?
No. GraniteShares 1.5x Long Meta Daily ETF does not pay a dividend.