GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Sees Large Increase in Short Interest

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 1,262,623 shares, an increase 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 presently 2.8 days. Approximately 18.6% of the shares of the stock are short sold.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long BABA Daily ETF stock. DGS Capital Management LLC purchased a new position in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,734 shares of the company’s stock, valued at approximately $216,000. DGS Capital Management LLC owned approximately 0.20% of GraniteShares 2x Long BABA Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long BABA Daily ETF Stock Down 0.3%

Shares of BABX opened at $17.23 on Friday. GraniteShares 2x Long BABA Daily ETF has a 1 year low of $12.70 and a 1 year high of $66.00. The company has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $22.37.

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.