GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Short Interest Update

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 148,908 shares, an increase of 170.9% from the March 31st total of 54,962 shares. Currently, 14.3% of the shares of the company are short sold. Based on an average daily volume of 82,352 shares, the days-to-cover ratio is currently 1.8 days.

GraniteShares 2x Long UBER Daily ETF Price Performance

Shares of NASDAQ UBRL opened at $16.75 on Friday. GraniteShares 2x Long UBER Daily ETF has a 52-week low of $14.28 and a 52-week high of $38.35. The business has a 50-day moving average price of $16.58 and a 200 day moving average price of $22.61.

Hedge Funds Weigh In On GraniteShares 2x Long UBER Daily ETF

Hedge funds have recently bought and sold shares of the company. Group One Trading LLC purchased a new position in GraniteShares 2x Long UBER Daily ETF in the 3rd quarter valued at approximately $248,000. Optiver Holding B.V. increased its position 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 buying an additional 13,518 shares in the last quarter. Finally, Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long UBER Daily ETF during the fourth quarter worth $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.