GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Update

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 120,300 shares, a growth of 132.2% from the December 31st total of 51,800 shares. Based on an average daily trading volume, of 294,100 shares, the days-to-cover ratio is presently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Price Performance

NASDAQ BABX traded up $2.58 during trading hours on Thursday, reaching $23.21. 885,898 shares of the company’s stock were exchanged, compared to its average volume of 572,846. GraniteShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $32.72. The company’s 50-day moving average is $16.60 and its two-hundred day moving average is $18.56.

About GraniteShares 2x Long BABA Daily ETF

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.