GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) saw 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 daily volume of 184,015 shares, the short-interest ratio is currently 0.7 days. Approximately 9.2% of the shares of the stock are short sold.
GraniteShares 2x Long UBER Daily ETF Price Performance
Shares of GraniteShares 2x Long UBER Daily ETF stock opened at $15.54 on Friday. The firm has a 50 day simple moving average of $15.47 and a 200 day simple moving average of $17.20. GraniteShares 2x Long UBER Daily ETF has a fifty-two week low of $13.23 and a fifty-two week high of $38.35.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of UBRL. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the third quarter worth $248,000. Genesis Financial Group LLC acquired a new position in shares of GraniteShares 2x Long UBER Daily ETF during the fourth quarter valued at $1,504,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long UBER Daily ETF in the first quarter valued at about $185,000. Parallel Advisors LLC boosted its holdings in 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 acquiring an additional 1,200 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in GraniteShares 2x Long UBER Daily ETF by 1,149.0% in the first quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock worth $439,000 after purchasing an additional 25,691 shares during the period.
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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