GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 61,087 shares, a decline of 68.9% from the April 30th total of 196,584 shares. Based on an average trading volume of 173,540 shares, the short-interest ratio is currently 0.4 days. Approximately 5.8% of the company’s shares are short sold.
Institutional Investors Weigh In On GraniteShares 2x Long UBER Daily ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in shares of GraniteShares 2x Long UBER Daily ETF by 42.9% in the 1st quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $63,000 after acquiring an additional 1,200 shares during the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 3rd quarter valued at about $248,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 1st quarter valued at about $185,000. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long UBER Daily ETF by 267.1% in the 3rd quarter. Optiver Holding B.V. now owns 18,579 shares of the company’s stock valued at $657,000 after acquiring an additional 13,518 shares during the last quarter. Finally, Genesis Financial Group LLC bought a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 4th quarter valued at about $1,504,000.
GraniteShares 2x Long UBER Daily ETF Trading Down 1.2%
Shares of NASDAQ UBRL traded down $0.18 during midday trading on Friday, reaching $14.67. The company had a trading volume of 256,555 shares, compared to its average volume of 135,428. GraniteShares 2x Long UBER Daily ETF has a one year low of $14.28 and a one year high of $38.35. The firm’s fifty day moving average price is $16.33 and its 200-day moving average price is $19.99.
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.
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