Short Interest in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Drops By 60.2%

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a large decrease in short interest in 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. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,279,342 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

A hedge fund recently raised its position in GraniteShares 2x Long BABA Daily ETF stock. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) by 189.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,099 shares of the company’s stock after purchasing an additional 39,958 shares during the period. Optiver Holding B.V. owned about 1.38% of GraniteShares 2x Long BABA Daily ETF worth $1,508,000 at the end of the most recent quarter.

GraniteShares 2x Long BABA Daily ETF Stock Up 0.2%

BABX traded up $0.03 during trading on Tuesday, reaching $16.94. The company had a trading volume of 278,566 shares, compared to its average volume of 874,570. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $12.70 and a 52 week high of $66.00. The business has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $23.14.

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.