GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL) Trading 5.1% Higher – Still a Buy?

GraniteShares 2x Long UBER Daily ETF (NASDAQ:UBRL)’s share price shot up 5.1% during mid-day trading on Thursday . The stock traded as high as $15.92 and last traded at $15.92. Approximately 172,116 shares were traded during trading, an increase of 11% from the average session volume of 154,828 shares. The stock had previously closed at $15.15.

GraniteShares 2x Long UBER Daily ETF Stock Up 5.1%

The business has a 50 day moving average of $15.77 and a 200-day moving average of $17.73.

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

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in shares of GraniteShares 2x Long UBER Daily ETF by 42.9% in 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 last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long UBER Daily ETF during the 3rd quarter worth about $248,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long UBER Daily ETF in the 1st quarter valued at about $185,000. Optiver Holding B.V. raised its stake in GraniteShares 2x Long UBER Daily ETF by 1,149.0% in the 1st quarter. Optiver Holding B.V. now owns 27,927 shares of the company’s stock valued at $439,000 after purchasing an additional 25,691 shares during the last quarter. Finally, Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long UBER Daily ETF in the 4th quarter valued at about $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.