GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,764,220 shares, an increase of 110.7% from the July 15th total of 837,278 shares. Approximately 37.5% of the company’s shares are short sold. Based on an average daily trading volume, of 639,436 shares, the short-interest ratio is currently 2.8 days.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BABX. Jane Street Group LLC boosted its holdings 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 purchasing an additional 876 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in GraniteShares 2x Long BABA Daily ETF in the second quarter valued at $69,000. Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF in the third quarter valued at $222,000. Scientech Research LLC purchased a new position in GraniteShares 2x Long BABA Daily ETF during the third quarter worth about $213,000. Finally, Simplex Trading LLC purchased a new position in GraniteShares 2x Long BABA Daily ETF during the fourth quarter worth about $87,000.
GraniteShares 2x Long BABA Daily ETF Stock Performance
Shares of BABX traded up $0.54 on Friday, hitting $22.17. 840,707 shares of the stock traded hands, compared to its average volume of 865,734. GraniteShares 2x Long BABA Daily ETF has a 1 year low of $12.70 and a 1 year high of $66.00. The stock’s 50 day moving average is $19.03 and its two-hundred day moving average is $26.66.
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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