GraniteShares 2x Long Uber Daily ETF

Frequently Asked Questions About UBRL

What does UBRL invest in?

This GraniteShares 2x Long Uber Daily ETF (UBRL) endeavors to produce daily investment returns, before accounting for any associated fees and expenses, that are double (200%) the daily percentage change in the common stock of Uber Technologies Inc. (NASDAQ: UBER). It is important for investors to recognize that meeting this stated goal cannot be guaranteed. Furthermore, this fund is explicitly not designed to provide two times the cumulative return of Uber's stock over periods longer than a single day.

What is the expense ratio of UBRL?

GraniteShares 2x Long Uber Daily ETF (UBRL) charges an expense ratio of 1.35%. This is the annual fee deducted from fund assets to cover management and operations.

Is UBRL a good long-term hold?

UBRL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does UBRL's daily reset work?

UBRL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is UBRL?

GraniteShares 2x Long Uber Daily ETF (UBRL) manages $31.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is UBRL actively managed or an index fund?

UBRL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.