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

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UBRL. Group One Trading LLC purchased a new position in GraniteShares 2x Long UBER Daily ETF in the third quarter valued at about $248,000. 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 last quarter. Finally, Genesis Financial Group LLC purchased a new stake in GraniteShares 2x Long UBER Daily ETF during the 4th quarter worth approximately $1,504,000.

GraniteShares 2x Long UBER Daily ETF Stock Up 6.1%

GraniteShares 2x Long UBER Daily ETF stock opened at $15.71 on Wednesday. GraniteShares 2x Long UBER Daily ETF has a 12-month low of $14.28 and a 12-month high of $38.35. The firm’s fifty day moving average price is $17.45 and its 200 day moving average price is $24.89.

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.