GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Stock Short Interest Drops 86.9%

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 48,706 shares, a decrease of 86.9% from the September 30th total of 372,950 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 256,005 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long UBER Daily ETF Stock Performance

Shares of UBRL stock opened at $11.55 on Wednesday. The company’s 50 day moving average price is $14.22 and its two-hundred day moving average price is $16.02. GraniteShares 2x Long UBER Daily ETF has a 52 week low of $11.57 and a 52 week high of $36.54.

Institutional Trading of GraniteShares 2x Long UBER Daily ETF

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings 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 worth $63,000 after acquiring an additional 1,200 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the 3rd quarter valued at about $103,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long UBER Daily ETF in the first quarter worth about $185,000. Lazari Capital Management Inc. lifted its holdings in shares of GraniteShares 2x Long UBER Daily ETF by 17.7% in the third quarter. Lazari Capital Management Inc. now owns 16,600 shares of the company’s stock worth $213,000 after buying an additional 2,500 shares in the last quarter. Finally, Optiver Holding B.V. boosted its stake 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 buying an additional 25,691 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.