GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Up 75.3% in August

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,100,000 shares, an increase of 75.3% from the August 15th total of 627,400 shares. Based on an average daily volume of 1,202,900 shares, the short-interest ratio is presently 0.9 days. Currently, 24.0% of the shares of the company are short sold. Currently, 24.0% of the shares of the company are short sold. Based on an average daily volume of 1,202,900 shares, the short-interest ratio is presently 0.9 days.

GraniteShares 2x Long BABA Daily ETF Stock Performance

Shares of NASDAQ:BABX opened at $47.58 on Wednesday. The company’s 50 day moving average price is $29.69 and its two-hundred day moving average price is $29.48. GraniteShares 2x Long BABA Daily ETF has a 12-month low of $14.29 and a 12-month high of $47.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BABX. Tower Research Capital LLC TRC acquired a new position in shares of GraniteShares 2x Long BABA Daily ETF during the 2nd quarter worth approximately $69,000. IFP Advisors Inc bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 1st quarter worth approximately $107,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $288,000. Simplex Trading LLC lifted its holdings in shares of GraniteShares 2x Long BABA Daily ETF by 5,169.2% during the 1st quarter. Simplex Trading LLC now owns 9,748 shares of the company’s stock worth $347,000 after acquiring an additional 9,563 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 1st quarter worth approximately $521,000.

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.