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

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 54,962 shares, a growth of 20.9% from the March 15th total of 45,458 shares. Based on an average daily volume of 77,345 shares, the days-to-cover ratio is presently 0.7 days. Approximately 5.3% of the shares of the stock are sold short.

GraniteShares 2x Long UBER Daily ETF Stock Performance

UBRL stock opened at $17.92 on Friday. GraniteShares 2x Long UBER Daily ETF has a 1-year low of $14.28 and a 1-year high of $38.35. The business has a 50 day simple moving average of $16.45 and a two-hundred day simple moving average of $23.23.

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

Several institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new stake in GraniteShares 2x Long UBER Daily ETF in the third quarter worth about $248,000. Optiver Holding B.V. boosted its holdings in 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 worth $657,000 after acquiring an additional 13,518 shares in the last quarter. Finally, Genesis Financial Group LLC acquired a new stake in GraniteShares 2x Long UBER Daily ETF in 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.