GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Sees Large Drop in Short Interest

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 45,458 shares, a decline of 19.1% from the February 26th total of 56,161 shares. Based on an average daily volume of 72,978 shares, the short-interest ratio is presently 0.6 days. Approximately 3.7% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the third quarter valued at approximately $248,000. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long UBER Daily ETF by 267.1% during the third quarter. Optiver Holding B.V. now owns 18,579 shares of the company’s stock worth $657,000 after acquiring an additional 13,518 shares during the last quarter. Finally, Genesis Financial Group LLC acquired a new position in shares of GraniteShares 2x Long UBER Daily ETF in the 4th quarter valued at $1,504,000.

GraniteShares 2x Long UBER Daily ETF Price Performance

GraniteShares 2x Long UBER Daily ETF stock opened at $14.55 on Monday. GraniteShares 2x Long UBER Daily ETF has a fifty-two week low of $14.28 and a fifty-two week high of $38.35. The stock has a 50-day simple moving average of $17.74 and a 200-day simple moving average of $25.15.

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.