GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Shares Down 0.5% – Time to Sell?

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRLGet Free Report)’s share price traded down 0.5% on Monday . The stock traded as low as $16.34 and last traded at $16.67. 81,833 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 126,703 shares. The stock had previously closed at $16.76.

GraniteShares 2x Long UBER Daily ETF Price Performance

The company has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $20.76.

Institutional Trading of GraniteShares 2x Long UBER Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,200 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 3rd quarter valued at about $248,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 1st quarter valued at about $185,000. Optiver Holding B.V. lifted its holdings in shares of 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 valued at $657,000 after purchasing an additional 13,518 shares during the last quarter. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 4th quarter valued at about $1,504,000.

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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