Short Interest in GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Expands By 304.0%

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a large increase in short interest in 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. Currently, 23.3% of the company’s shares are sold short. Based on an average daily trading volume, of 213,386 shares, the short-interest ratio is currently 1.2 days.

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

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position 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 valued at $63,000 after buying an additional 1,200 shares during the period. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 3rd quarter worth approximately $248,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 1st quarter worth approximately $185,000. Optiver Holding B.V. lifted its position 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 worth $657,000 after purchasing an additional 13,518 shares during the period. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 4th quarter worth approximately $1,504,000.

GraniteShares 2x Long UBER Daily ETF Price Performance

GraniteShares 2x Long UBER Daily ETF stock opened at $13.82 on Friday. GraniteShares 2x Long UBER Daily ETF has a 1 year low of $13.23 and a 1 year high of $38.35. The firm has a 50-day moving average of $16.10 and a two-hundred day moving average of $18.96.

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.