GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Short Interest Up 88.0% in January

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 34,612 shares, an increase of 88.0% from the December 31st total of 18,413 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 155,873 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 155,873 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.7% of the company’s shares are short sold.

Institutional Trading of GraniteShares 2x Long UBER Daily ETF

A number of institutional investors have recently added to or reduced their stakes in UBRL. Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long UBER Daily ETF in the fourth quarter valued at about $1,504,000. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long UBER Daily ETF by 267.1% in the third quarter. Optiver Holding B.V. now owns 18,579 shares of the company’s stock valued at $657,000 after buying an additional 13,518 shares in the last quarter. Finally, Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the 3rd quarter valued at about $248,000.

GraniteShares 2x Long UBER Daily ETF Stock Down 4.3%

Shares of NASDAQ:UBRL traded down $0.90 during trading on Friday, reaching $20.16. 161,512 shares of the stock were exchanged, compared to its average volume of 153,340. The firm’s 50-day moving average price is $23.72 and its 200 day moving average price is $29.40. GraniteShares 2x Long UBER Daily ETF has a 12-month low of $15.00 and a 12-month high of $38.35.

GraniteShares 2x Long UBER Daily ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were given a $2.2162 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 131.9%.

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.