GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 131,627 shares, a decrease of 46.4% from the June 15th total of 245,653 shares. Based on an average trading volume of 184,015 shares, the days-to-cover ratio is presently 0.7 days. Approximately 9.2% of the shares of the company are sold short.
GraniteShares 2x Long UBER Daily ETF Price Performance
Shares of UBRL opened at $14.85 on Wednesday. The firm has a 50-day moving average of $15.58 and a 200-day moving average of $17.31. GraniteShares 2x Long UBER Daily ETF has a one year low of $13.23 and a one year high of $38.35.
Institutional Investors Weigh In On GraniteShares 2x Long UBER Daily ETF
Several hedge funds have recently bought and sold shares of UBRL. Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF in the fourth quarter valued at approximately $1,504,000. Parallel Advisors LLC lifted its position in shares of 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. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long UBER Daily ETF by 1,149.0% during the 1st quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock worth $439,000 after acquiring an additional 25,691 shares during the period. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 3rd quarter worth approximately $248,000. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 1st quarter worth approximately $185,000.
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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