GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 30,945 shares, a drop of 73.0% from the July 30th total of 114,809 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 296,183 shares, the short-interest ratio is presently 0.1 days.
GraniteShares 2x Long UBER Daily ETF Stock Down 4.2%
Shares of UBRL stock traded down $0.71 during trading on Thursday, hitting $16.39. 239,784 shares of the stock traded hands, compared to its average volume of 161,587. GraniteShares 2x Long UBER Daily ETF has a 52-week low of $12.22 and a 52-week high of $38.35. The firm’s fifty day moving average price is $15.34 and its 200-day moving average price is $15.94.
Institutional Investors Weigh In On GraniteShares 2x Long UBER Daily ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 2nd quarter worth $1,242,000. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long UBER Daily ETF by 1,149.0% in the 1st quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after buying an additional 25,691 shares during the period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long UBER Daily ETF in the 1st quarter valued at about $185,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF in the third quarter valued at about $248,000. Finally, Parallel Advisors LLC lifted its position in GraniteShares 2x Long UBER Daily ETF by 42.9% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $63,000 after buying an additional 1,200 shares during the last quarter.
GraniteShares 2x Long UBER Daily ETF Company Profile
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.
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