Hoey Investments Inc. Buys Shares of 1,640 GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX)

Hoey Investments Inc. purchased a new stake in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) in the 4th quarter, Holdings Channel reports. The firm purchased 1,640 shares of the company’s stock, valued at approximately $26,000.

GraniteShares 2x Long BABA Daily ETF Trading Down 0.4 %

Shares of BABX opened at $35.62 on Tuesday. The stock has a 50 day simple moving average of $32.36 and a 200 day simple moving average of $24.30. GraniteShares 2x Long BABA Daily ETF has a 52-week low of $11.85 and a 52-week high of $45.28.

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.