GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Update

by · The Markets Daily

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,262,623 shares, a growth of 314.8% from the August 31st total of 304,420 shares. Approximately 18.6% of the company’s shares are short sold. Based on an average daily volume of 448,153 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long BABA Daily ETF stock. Optiver Holding B.V. grew its position in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Free Report) by 189.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,099 shares of the company’s stock after purchasing an additional 39,958 shares during the period. Optiver Holding B.V. owned about 1.38% of GraniteShares 2x Long BABA Daily ETF worth $1,508,000 at the end of the most recent reporting period.

GraniteShares 2x Long BABA Daily ETF Price Performance

BABX traded down $0.30 during midday trading on Friday, reaching $16.93. 388,724 shares of the company were exchanged, compared to its average volume of 874,383. GraniteShares 2x Long BABA Daily ETF has a one year low of $12.70 and a one year high of $66.00. The stock’s 50-day simple moving average is $20.04 and its 200 day simple moving average is $22.33.

GraniteShares 2x Long BABA Daily ETF Company Profile

(Get Free Report)

The GraniteShares 1.75x Long BABA Daily ETF (BABX) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 1.75x leveraged exposure, less fees and expenses, to the daily price movement for shares of Alibaba Group Holding Limited stock. BABX was launched on Dec 13, 2022 and is managed by GraniteShares.

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