Short Interest in GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Rises By 304.0%

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 246,798 shares, a growth of 304.0% from the May 14th total of 61,087 shares. Currently, 23.3% of the company’s shares are sold short. Based on an average daily trading volume, of 213,386 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in GraniteShares 2x Long UBER Daily ETF by 42.9% during the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $63,000 after buying an additional 1,200 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the first quarter valued at $185,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the third quarter valued at $248,000. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long UBER Daily ETF by 1,149.0% during the first quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after purchasing an additional 25,691 shares during the period. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the fourth quarter valued at $1,504,000.

GraniteShares 2x Long UBER Daily ETF Stock Down 0.4%

NASDAQ UBRL traded down $0.05 on Thursday, hitting $13.77. 105,223 shares of the stock were exchanged, compared to its average volume of 146,426. The stock has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $19.07. GraniteShares 2x Long UBER Daily ETF has a 52-week low of $13.23 and a 52-week high of $38.35.

About GraniteShares 2x Long UBER Daily ETF

The GraniteShares 2x Long UBER Daily ETF (UBRL) is an exchange-traded fund that mostly invests in industrials equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Uber Technologies, Inc stock. UBRL was launched on Sep 3, 2024 and is issued by GraniteShares.