UBEW volume surges 34× as Uber AV bets grow

Roundhill UBER WeeklyPay ETF (UBEW) has seen unusual trading volume, which is 34× higher than its average daily volume.

The ETF’s largest holding, Uber Technologies (UBER) at 13.0% of assets, is in focus as analysts highlight its expanding push into autonomous vehicles and reaffirm bullish views on the stock. Citi’s Ronald Josey maintained a Buy rating with a $110 price target, citing Uber’s growing network of AV partnerships—including a major robotaxi deal with Rivian and collaborations with Nvidia and others—as a key driver of long‑term growth, even as the shares remain down modestly over the past year. Separately, Uber’s planned robotaxi trials in London with Wayve are drawing scrutiny from local taxi operators, who are urging regulators to impose permit limits and minimum fares to prevent traditional cab firms from being undercut on price.