GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Short Interest Update

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 246,798 shares, an increase of 304.0% from the May 14th total of 61,087 shares. Approximately 23.3% of the company’s shares are short sold. Based on an average trading volume of 213,386 shares, the days-to-cover ratio is currently 1.2 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in GraniteShares 2x Long UBER Daily ETF by 42.9% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $63,000 after purchasing an additional 1,200 shares during the last quarter. Optiver Holding B.V. increased its holdings in 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 last quarter. IMC Chicago LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF in the first quarter valued at about $185,000. Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF in the fourth quarter valued at about $1,504,000. Finally, Group One Trading LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF in the third quarter valued at about $248,000.

GraniteShares 2x Long UBER Daily ETF Trading Down 2.3%

NASDAQ UBRL traded down $0.32 on Friday, reaching $13.82. The company had a trading volume of 193,513 shares, compared to its average volume of 147,549. The stock’s 50 day moving average is $16.13 and its 200-day moving average is $18.99. GraniteShares 2x Long UBER Daily ETF has a 52 week low of $13.23 and a 52 week high of $38.35.

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.