GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Short Interest Down 73.0% in August

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRLGet Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 30,945 shares, a drop of 73.0% from the July 30th total of 114,809 shares. Based on an average daily volume of 296,183 shares, the short-interest ratio is presently 0.1 days. Currently, 2.2% of the company’s shares are sold short.

Institutional Trading of GraniteShares 2x Long UBER Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in 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 acquiring an additional 1,200 shares during the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the third quarter worth $248,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the first quarter valued at $185,000. Optiver Holding B.V. grew its position in shares of 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 valued at $439,000 after purchasing an additional 25,691 shares during the period. Finally, Headlands Technologies LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF in the second quarter valued at $1,242,000.

GraniteShares 2x Long UBER Daily ETF Price Performance

NASDAQ:UBRL opened at $17.23 on Friday. The firm has a 50 day simple moving average of $15.42 and a 200-day simple moving average of $15.94. GraniteShares 2x Long UBER Daily ETF has a 1-year low of $12.22 and a 1-year high of $38.35.

About GraniteShares 2x Long UBER Daily ETF

(Get Free Report)

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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