Short Interest in GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Declines By 68.9%

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 61,087 shares, a drop of 68.9% from the April 30th total of 196,584 shares. Approximately 5.8% of the shares of the company are short sold. Based on an average trading volume of 173,540 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. 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 worth $63,000 after purchasing an additional 1,200 shares during the period. Group One Trading LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF in the 3rd quarter worth about $248,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF in the 1st quarter worth about $185,000. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long UBER Daily ETF by 267.1% in the 3rd quarter. Optiver Holding B.V. now owns 18,579 shares of the company’s stock worth $657,000 after purchasing an additional 13,518 shares during the period. Finally, Genesis Financial Group LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF in the 4th quarter worth about $1,504,000.

GraniteShares 2x Long UBER Daily ETF Stock Performance

Shares of UBRL stock opened at $14.67 on Monday. The stock has a 50 day moving average of $16.33 and a 200 day moving average of $19.90. GraniteShares 2x Long UBER Daily ETF has a twelve month low of $14.28 and a twelve month high of $38.35.

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.