Shares of GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) were down 2% during trading on Thursday . The company traded as low as $37.77 and last traded at $38.33. Approximately 235,920 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,067,282 shares. The stock had previously closed at $39.13.
GraniteShares 2x Long BABA Daily ETF Price Performance
The business’s 50-day moving average is $41.73 and its two-hundred day moving average is $42.46.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BABX. SBI Securities Co. Ltd. grew its position in shares of GraniteShares 2x Long BABA Daily ETF by 98.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,084 shares of the company’s stock valued at $62,000 after acquiring an additional 537 shares during the period. Jane Street Group LLC grew its holdings in 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 period. IFP Advisors Inc acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF in the third quarter valued at approximately $114,000. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $87,000. Finally, 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.
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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