GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,056,641 shares, a decrease of 39.0% from the April 15th total of 1,732,045 shares. Currently, 23.9% of the shares of the company are sold short. Based on an average trading volume of 648,174 shares, the days-to-cover ratio is currently 1.6 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of BABX. 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 acquiring an additional 876 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF in the second quarter valued at $69,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF in the third quarter valued at $625,000. SBI Securities Co. Ltd. raised its position in shares of GraniteShares 2x Long BABA Daily ETF by 98.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,084 shares of the company’s stock worth $62,000 after purchasing an additional 537 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the third quarter worth $222,000.
GraniteShares 2x Long BABA Daily ETF Stock Up 1.1%
Shares of NASDAQ BABX opened at $26.83 on Tuesday. The business’s fifty day moving average price is $27.10 and its two-hundred day moving average price is $36.63. GraniteShares 2x Long BABA Daily ETF has a 1-year low of $20.68 and a 1-year high of $66.00.
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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