GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Short Interest Down 46.4% in June

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 131,627 shares, a decline of 46.4% from the June 15th total of 245,653 shares. Approximately 9.2% of the shares of the company are sold short. Based on an average daily volume of 184,015 shares, the days-to-cover ratio is currently 0.7 days.

GraniteShares 2x Long UBER Daily ETF Stock Down 6.1%

Shares of NASDAQ UBRL opened at $14.85 on Wednesday. The stock’s fifty day moving average price is $15.58 and its two-hundred day moving average price is $17.31. GraniteShares 2x Long UBER Daily ETF has a one year low of $13.23 and a one year high of $38.35.

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

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in GraniteShares 2x Long UBER Daily ETF by 42.9% during the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $63,000 after acquiring an additional 1,200 shares during the period. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long UBER Daily ETF during the first quarter worth approximately $185,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long UBER Daily ETF during the third quarter worth approximately $248,000. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long UBER Daily ETF by 1,149.0% in the first quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after buying an additional 25,691 shares in the last quarter. Finally, Genesis Financial Group LLC acquired a new stake in shares of GraniteShares 2x Long UBER Daily ETF in the fourth quarter valued at approximately $1,504,000.

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.