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

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 45,458 shares, a decrease of 19.1% from the February 26th total of 56,161 shares. Based on an average daily trading volume, of 72,978 shares, the short-interest ratio is currently 0.6 days. Currently, 3.7% of the company’s stock are short sold.

GraniteShares 2x Long UBER Daily ETF Price Performance

Shares of UBRL stock opened at $14.55 on Monday. GraniteShares 2x Long UBER Daily ETF has a 52 week low of $14.28 and a 52 week high of $38.35. The firm has a 50 day moving average of $17.74 and a two-hundred day moving average of $25.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UBRL. Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long UBER Daily ETF in the fourth quarter valued at $1,504,000. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long UBER Daily ETF by 267.1% during the 3rd 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 period. Finally, Group One Trading LLC acquired a new stake in GraniteShares 2x Long UBER Daily ETF in the 3rd quarter valued at 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.