Shares of GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL – Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $13.32 and traded as low as $12.82. GraniteShares 2x Long UBER Daily ETF shares last traded at $13.13, with a volume of 72,932 shares traded.
GraniteShares 2x Long UBER Daily ETF Trading Down 4.7%
The stock has a fifty day moving average price of $13.21 and a two-hundred day moving average price of $15.42.
Hedge Funds Weigh In On GraniteShares 2x Long UBER Daily ETF
A number of hedge funds have recently bought and sold shares of UBRL. Parallel Advisors LLC boosted its holdings in GraniteShares 2x Long UBER Daily ETF by 42.9% in the 1st quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $63,000 after purchasing an additional 1,200 shares during the period. IFP Advisors Inc acquired a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 3rd quarter worth approximately $103,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long UBER Daily ETF during the 1st quarter worth approximately $185,000. StoneX Group Inc. bought a new position in shares of GraniteShares 2x Long UBER Daily ETF during the third quarter worth approximately $160,000. Finally, Lazari Capital Management Inc. increased its holdings in shares of GraniteShares 2x Long UBER Daily ETF by 17.7% during the third quarter. Lazari Capital Management Inc. now owns 16,600 shares of the company’s stock worth $213,000 after purchasing an additional 2,500 shares during the period.
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.
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