GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Stock Short Interest Drops 86.9%

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 48,706 shares, a decrease of 86.9% from the September 30th total of 372,950 shares. Based on an average daily volume of 256,005 shares, the short-interest ratio is currently 0.2 days. Currently, 2.0% of the shares of the stock are short sold.

GraniteShares 2x Long UBER Daily ETF Stock Performance

GraniteShares 2x Long UBER Daily ETF stock traded down $0.13 during midday trading on Tuesday, reaching $11.70. The stock had a trading volume of 71,569 shares, compared to its average volume of 178,401. GraniteShares 2x Long UBER Daily ETF has a 52-week low of $11.57 and a 52-week high of $36.54. The company has a fifty day moving average of $14.38 and a 200 day moving average of $16.13.

Hedge Funds Weigh In On GraniteShares 2x Long UBER Daily ETF

Institutional investors have recently bought and sold shares of the business. Lazari Capital Management Inc. grew its position in GraniteShares 2x Long UBER Daily ETF by 17.7% during the third quarter. Lazari Capital Management Inc. now owns 16,600 shares of the company’s stock valued at $213,000 after buying an additional 2,500 shares during the period. IFP Advisors Inc purchased a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 3rd quarter valued at approximately $103,000. Headlands Technologies LLC acquired a new stake in GraniteShares 2x Long UBER Daily ETF in the 2nd quarter valued at $1,242,000. Parallel Advisors LLC raised its position 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 acquiring an additional 1,200 shares during the period. Finally, Optiver Holding B.V. lifted its holdings in 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 in 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.