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

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 131,627 shares, a decrease of 46.4% from the June 15th total of 245,653 shares. Approximately 9.2% of the company’s shares are short sold. Based on an average daily volume of 184,015 shares, the days-to-cover ratio is currently 0.7 days.

GraniteShares 2x Long UBER Daily ETF Stock Up 1.9%

Shares of NASDAQ:UBRL traded up $0.28 during midday trading on Thursday, hitting $15.40. The company had a trading volume of 73,952 shares, compared to its average volume of 152,440. GraniteShares 2x Long UBER Daily ETF has a 12 month low of $13.23 and a 12 month high of $38.35. The firm has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $17.26.

Hedge Funds Weigh In On GraniteShares 2x Long UBER Daily ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of GraniteShares 2x Long UBER Daily ETF by 42.9% during the 1st quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $63,000 after buying an additional 1,200 shares during the period. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long UBER Daily ETF by 1,149.0% in the 1st quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after acquiring an additional 25,691 shares during the period. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the 1st quarter valued at approximately $185,000. Genesis Financial Group LLC acquired a new stake in GraniteShares 2x Long UBER Daily ETF in the fourth quarter worth $1,504,000. Finally, Group One Trading LLC bought a new position in GraniteShares 2x Long UBER Daily ETF during the third quarter worth about $248,000.

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.