Genesis Financial Group LLC Invests $1.18 Million in GraniteShares 2x Long BABA Daily ETF $BABX

Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) in the 4th quarter, Holdings Channel reports. The fund bought 32,688 shares of the company’s stock, valued at approximately $1,178,000.

A number of other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in GraniteShares 2x Long BABA Daily ETF by 4.9% during the 1st quarter. Jane Street Group LLC now owns 18,747 shares of the company’s stock worth $668,000 after buying an additional 876 shares during the period. Tower Research Capital LLC TRC purchased a new position in GraniteShares 2x Long BABA Daily ETF in the 2nd quarter valued at about $69,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the third quarter valued at about $625,000. SBI Securities Co. Ltd. increased 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 acquiring an additional 537 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the third quarter worth about $222,000.

GraniteShares 2x Long BABA Daily ETF Trading Down 2.8%

NASDAQ:BABX opened at $23.30 on Friday. GraniteShares 2x Long BABA Daily ETF has a one year low of $18.16 and a one year high of $66.00. The business’s 50-day simple moving average is $34.76 and its 200 day simple moving average is $42.05.

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.