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

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a significant decline in short interest in 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. Currently, 5.8% of the company’s stock are short sold. Based on an average trading volume of 173,540 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of GraniteShares 2x Long UBER Daily ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of GraniteShares 2x Long UBER Daily ETF by 42.9% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $63,000 after acquiring an additional 1,200 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the first quarter valued at about $185,000. Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the fourth quarter valued at about $1,504,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the third quarter valued at about $248,000. Finally, Optiver Holding B.V. boosted its holdings 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 acquiring an additional 13,518 shares in the last quarter.

GraniteShares 2x Long UBER Daily ETF Stock Performance

Shares of NASDAQ:UBRL traded down $0.18 during trading on Friday, hitting $14.67. The company’s stock had a trading volume of 256,555 shares, compared to its average volume of 135,428. The business has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $19.99. GraniteShares 2x Long UBER Daily ETF has a fifty-two week low of $14.28 and a fifty-two week high of $38.35.

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.