GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report)’s share price dropped 10.5% on Wednesday . The stock traded as low as $12.52 and last traded at $13.12. Approximately 916,770 shares changed hands during mid-day trading, an increase of 485% from the average session volume of 156,677 shares. The stock had previously closed at $14.66.
GraniteShares 2x Long UBER Daily ETF Trading Down 10.5%
The company’s 50-day moving average price is $14.87 and its 200-day moving average price is $16.39.
Institutional Trading of GraniteShares 2x Long UBER Daily ETF
A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of 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. Group One Trading LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF during the 3rd quarter worth approximately $248,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF during the 1st quarter worth approximately $185,000. Finally, Optiver Holding B.V. grew 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 in the last quarter.
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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