GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 304,420 shares, a decrease of 60.2% from the August 15th total of 764,559 shares. Based on an average daily trading volume, of 1,279,342 shares, the short-interest ratio is presently 0.2 days. Approximately 6.5% of the company’s shares are short sold.
GraniteShares 2x Long BABA Daily ETF Stock Up 1.3%
Shares of BABX stock opened at $16.93 on Friday. GraniteShares 2x Long BABA Daily ETF has a 52-week low of $12.70 and a 52-week high of $66.00. The firm’s 50 day moving average price is $20.18 and its two-hundred day moving average price is $23.39.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long BABA Daily ETF by 189.0% during the first quarter. Optiver Holding B.V. now owns 61,099 shares of the company’s stock worth $1,508,000 after purchasing an additional 39,958 shares during the period. DGS Capital Management LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF in the first quarter valued at about $216,000. Jane Street Group LLC lifted its stake in GraniteShares 2x Long BABA Daily ETF by 4.9% in the first quarter. Jane Street Group LLC now owns 18,747 shares of the company’s stock valued at $668,000 after buying an additional 876 shares during the period. Simplex Trading LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF in the fourth quarter valued at about $87,000. Finally, Scientech Research LLC bought a new position in GraniteShares 2x Long BABA Daily ETF during the third quarter worth about $213,000.
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.
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