GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 246,798 shares, a growth of 304.0% from the May 14th total of 61,087 shares. Currently, 23.3% of the company’s shares are sold short. Based on an average daily volume of 213,386 shares, the days-to-cover ratio is currently 1.2 days.
Institutional Trading of GraniteShares 2x Long UBER Daily ETF
A number of large investors have recently made changes to their positions in UBRL. Parallel Advisors LLC boosted its stake 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 valued at $63,000 after purchasing an additional 1,200 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the first quarter valued at $185,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the third quarter valued at $248,000. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long UBER Daily ETF by 1,149.0% during the first quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after purchasing an additional 25,691 shares during the period. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the fourth quarter valued at $1,504,000.
GraniteShares 2x Long UBER Daily ETF Stock Down 0.4%
Shares of UBRL traded down $0.05 during trading hours on Thursday, reaching $13.77. 105,223 shares of the company traded hands, compared to its average volume of 146,426. GraniteShares 2x Long UBER Daily ETF has a 12-month low of $13.23 and a 12-month high of $38.35. The stock’s fifty day moving average price is $16.16 and its 200 day moving average price is $19.07.
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.
Further Reading
- Five stocks we like better than GraniteShares 2x Long UBER Daily ETF
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
- Patent Cliff Predators: GSK Acquires Nuvalent For $10.6 Billion
Receive News & Ratings for GraniteShares 2x Long UBER Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long UBER Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
