GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 48,706 shares, a decrease of 86.9% from the September 30th total of 372,950 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 256,005 shares, the days-to-cover ratio is presently 0.2 days.
GraniteShares 2x Long UBER Daily ETF Stock Down 1.1%
Shares of NASDAQ UBRL traded down $0.13 during midday trading on Tuesday, reaching $11.70. The stock had a trading volume of 71,569 shares, compared to its average volume of 178,401. The company’s 50 day moving average price is $14.38 and its 200 day moving average price is $16.13. GraniteShares 2x Long UBER Daily ETF has a twelve month low of $11.57 and a twelve month high of $36.54.
Institutional Investors Weigh In On GraniteShares 2x Long UBER Daily ETF
Several large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF in the second quarter valued at approximately $1,242,000. Optiver Holding B.V. raised its holdings in 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 worth $439,000 after acquiring an additional 25,691 shares during the last quarter. Lazari Capital Management Inc. boosted its holdings in shares of GraniteShares 2x Long UBER Daily ETF by 17.7% during the 3rd quarter. Lazari Capital Management Inc. now owns 16,600 shares of the company’s stock valued at $213,000 after acquiring an additional 2,500 shares during the last quarter. IMC Chicago LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF in the 1st quarter worth approximately $185,000. Finally, IFP Advisors Inc purchased a new stake in GraniteShares 2x Long UBER Daily ETF during the third quarter valued at $103,000.
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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