Simplex Trading LLC Sells 8,389 Shares of GraniteShares 2x Long BABA Daily ETF $BABX

Simplex Trading LLC lessened its holdings in shares of GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) by 86.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,359 shares of the company’s stock after selling 8,389 shares during the quarter. Simplex Trading LLC’s holdings in GraniteShares 2x Long BABA Daily ETF were worth $33,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. IFP Advisors Inc purchased a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 1st quarter valued at approximately $107,000. Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 1st quarter valued at $521,000. Finally, Jane Street Group LLC lifted its position in shares of GraniteShares 2x Long BABA Daily ETF by 4.9% during the first quarter. Jane Street Group LLC now owns 18,747 shares of the company’s stock worth $668,000 after acquiring an additional 876 shares in the last quarter.

GraniteShares 2x Long BABA Daily ETF Stock Down 1.1%

GraniteShares 2x Long BABA Daily ETF stock opened at $43.21 on Thursday. GraniteShares 2x Long BABA Daily ETF has a one year low of $14.29 and a one year high of $66.00. The business has a fifty day moving average price of $50.25 and a 200-day moving average price of $35.60.

GraniteShares 2x Long BABA Daily ETF 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.