UBRL

GraniteShares 2x Long UBER Daily ETF

$30.23

+0.00%

Market closed. Last update: 11:39 PM ET

📎 Investment Objective

The GraniteShares 2x Long UBER Daily ETF (UBRL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Uber Technologies, Inc.

Overview

ETF tracking GraniteShares 2x Long UBER Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-09-04

Market Cap $27.2M

Average Volume N/A

Dividend Yield N/A

52-Week Range $15.95 - $36.75

VWAP $29.94

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long UBER Daily ETF (UBRL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Uber Technologies, Inc.

🎯 Investment Strategy

The fund uses swap agreements and other financial instruments to obtain its leveraged exposure to Uber's stock. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of Uber's stock, both positive and negative
Designed for short-term, active trading rather than long-term buy-and-hold
Utilizes derivatives to achieve its leveraged exposure
Has a very small asset base and is relatively new

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence from the target 2x daily performance
Concentration risk as it tracks a single stock
Liquidity risk due to the small asset base

👤 Best For

This ETF is best suited for experienced, risk-tolerant traders who seek short-term, speculative exposure to Uber's stock performance and understand the risks of leveraged investing. It is not recommended for long-term, buy-and-hold investors.