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

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 101,588 shares, an increase of 270.6% from the January 29th total of 27,414 shares. Based on an average trading volume of 223,406 shares, the short-interest ratio is currently 0.5 days. Approximately 8.3% of the company’s stock are sold short. Approximately 8.3% of the company’s stock are sold short. Based on an average trading volume of 223,406 shares, the short-interest ratio is currently 0.5 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 3rd quarter worth approximately $248,000. Optiver Holding B.V. increased its position in shares of 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 valued at $657,000 after acquiring an additional 13,518 shares during the last quarter. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long UBER Daily ETF during the fourth quarter valued at approximately $1,504,000.

GraniteShares 2x Long UBER Daily ETF Stock Up 4.1%

UBRL opened at $16.39 on Thursday. GraniteShares 2x Long UBER Daily ETF has a 1 year low of $14.86 and a 1 year high of $38.35. The firm’s fifty day moving average price is $20.19 and its two-hundred day moving average price is $27.65.

GraniteShares 2x Long UBER Daily ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a dividend of $2.2162 per share. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a yield of 162.3%.

GraniteShares 2x Long UBER Daily ETF Company Profile

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.