GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Sees Significant Decrease in Short Interest

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 61,087 shares, a decline of 68.9% from the April 30th total of 196,584 shares. Based on an average daily volume of 173,540 shares, the short-interest ratio is presently 0.4 days. Approximately 5.8% of the shares of the stock are short sold.

GraniteShares 2x Long UBER Daily ETF Trading Down 1.2%

UBRL stock traded down $0.18 during mid-day trading on Friday, hitting $14.67. 256,555 shares of the stock were exchanged, compared to its average volume of 135,428. The business has a fifty day moving average price of $16.33 and a 200 day moving average price of $19.99. GraniteShares 2x Long UBER Daily ETF has a 12 month low of $14.28 and a 12 month high of $38.35.

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

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in GraniteShares 2x Long UBER Daily ETF by 42.9% during the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $63,000 after purchasing an additional 1,200 shares during the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF during the third quarter worth about $248,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF during the first quarter worth about $185,000. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long UBER Daily ETF by 267.1% during the third 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 last quarter. Finally, Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long UBER Daily ETF during the fourth quarter worth about $1,504,000.

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.