GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $13.32 and traded as low as $12.82. GraniteShares 2x Long UBER Daily ETF shares last traded at $13.13, with a volume of 72,932 shares.
GraniteShares 2x Long UBER Daily ETF Trading Down 3.4%
The firm’s 50-day moving average price is $13.32 and its 200-day moving average price is $15.50.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF during the second quarter worth approximately $1,242,000. Optiver Holding B.V. raised its position in 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. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long UBER Daily ETF during the third quarter valued at approximately $160,000. IFP Advisors Inc bought a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 3rd quarter valued at approximately $103,000. Finally, Lazari Capital Management Inc. lifted its stake in shares of GraniteShares 2x Long UBER Daily ETF by 17.7% in the 3rd quarter. Lazari Capital Management Inc. now owns 16,600 shares of the company’s stock valued at $213,000 after purchasing an additional 2,500 shares during the last quarter.
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.
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