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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 36,200 shares, a decrease of 61.6% from the September 30th total of 94,200 shares. Based on an average daily trading volume, of 222,000 shares, the short-interest ratio is presently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Stock Up 1.9 %

BABX stock traded up $0.42 during midday trading on Friday, hitting $22.01. 152,776 shares of the stock traded hands, compared to its average volume of 159,728. The stock’s fifty day simple moving average is $21.44 and its 200-day simple moving average is $17.20. GraniteShares 2x Long BABA Daily ETF has a 1-year low of $11.85 and a 1-year high of $32.72.

GraniteShares 2x Long BABA Daily ETF Company Profile

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.