GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Short Interest Update

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 54,962 shares, a growth of 20.9% from the March 15th total of 45,458 shares. Approximately 5.3% of the company’s stock are short sold. Based on an average daily trading volume, of 77,345 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On GraniteShares 2x Long UBER Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Genesis Financial Group LLC purchased a new stake in GraniteShares 2x Long UBER Daily ETF in the 4th quarter valued at $1,504,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long UBER Daily ETF in the 3rd quarter valued at $248,000. Finally, Optiver Holding B.V. raised its position in 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 buying an additional 13,518 shares during the last quarter.

GraniteShares 2x Long UBER Daily ETF Price Performance

NASDAQ UBRL opened at $17.92 on Friday. The business has a fifty day simple moving average of $16.45 and a 200 day simple moving average of $23.31. GraniteShares 2x Long UBER Daily ETF has a 12 month low of $14.28 and a 12 month high of $38.35.

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.