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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,100,000 shares, a growth of 75.3% from the August 15th total of 627,400 shares. Approximately 24.0% of the shares of the stock are sold short. Based on an average trading volume of 1,202,900 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 1,202,900 shares, the short-interest ratio is currently 0.9 days. Approximately 24.0% of the shares of the stock are sold short.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 2nd quarter valued at $69,000. IFP Advisors Inc acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 1st quarter valued at $107,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 4th quarter valued at $288,000. Simplex Trading LLC raised 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 valued at $347,000 after purchasing an additional 9,563 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF during the 1st quarter valued at $521,000.

GraniteShares 2x Long BABA Daily ETF Price Performance

BABX stock opened at $43.51 on Monday. GraniteShares 2x Long BABA Daily ETF has a 12 month low of $14.29 and a 12 month high of $45.28. The firm has a 50 day simple moving average of $28.72 and a 200 day simple moving average of $29.30.

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.