GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,262,623 shares, a growth of 314.8% from the August 31st total of 304,420 shares. Based on an average daily volume of 448,153 shares, the short-interest ratio is currently 2.8 days. Approximately 18.6% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in GraniteShares 2x Long BABA Daily ETF stock. DGS Capital Management LLC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,734 shares of the company’s stock, valued at approximately $216,000. DGS Capital Management LLC owned about 0.20% of GraniteShares 2x Long BABA Daily ETF as of its most recent SEC filing.
GraniteShares 2x Long BABA Daily ETF Price Performance
Shares of BABX traded down $0.30 during mid-day trading on Friday, hitting $16.93. 388,724 shares of the company traded hands, compared to its average volume of 874,383. The business has a 50-day moving average of $20.04 and a 200 day moving average of $22.33. GraniteShares 2x Long BABA Daily ETF has a one year low of $12.70 and a one 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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