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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 66,200 shares, a decrease of 47.4% from the November 30th total of 125,800 shares. Based on an average daily volume of 315,400 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Trading Down 2.6 %

Shares of NASDAQ BABX traded down $0.43 during midday trading on Friday, hitting $16.19. The company’s stock had a trading volume of 140,426 shares, compared to its average volume of 180,881. The business’s 50 day moving average is $18.80 and its two-hundred day moving average is $18.19. GraniteShares 2x Long BABA Daily ETF has a 12-month low of $11.85 and a 12-month high of $32.72.

About GraniteShares 2x Long BABA Daily ETF

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.