GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 30,945 shares, a decrease of 73.0% from the July 30th total of 114,809 shares. Based on an average trading volume of 296,183 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.2% of the company’s shares are sold short.
GraniteShares 2x Long UBER Daily ETF Stock Performance
Shares of NASDAQ:UBRL traded down $0.71 during mid-day trading on Thursday, reaching $16.39. 239,784 shares of the company were exchanged, compared to its average volume of 161,587. The firm’s 50-day simple moving average is $15.34 and its 200 day simple moving average is $15.94. GraniteShares 2x Long UBER Daily ETF has a 1 year low of $12.22 and a 1 year high of $38.35.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Long UBER Daily ETF during the second quarter worth $1,242,000. Parallel Advisors LLC raised its holdings 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 buying an additional 1,200 shares during the period. Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Long UBER Daily ETF by 1,149.0% in the 1st quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after buying an additional 25,691 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 1st quarter valued at $185,000. Finally, Group One Trading LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF during the 3rd quarter worth about $248,000.
GraniteShares 2x Long UBER Daily ETF Company Profile
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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