GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 21.8% in January

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 51,800 shares, a drop of 21.8% from the December 31st total of 66,200 shares. Based on an average trading volume of 266,100 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Trading Down 7.8 %

BABX stock traded down $1.82 during midday trading on Friday, hitting $21.39. The company’s stock had a trading volume of 1,192,241 shares, compared to its average volume of 604,129. GraniteShares 2x Long BABA Daily ETF has a 12 month low of $11.85 and a 12 month high of $32.72. The company has a 50 day moving average of $16.84 and a two-hundred day moving average of $18.66.

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.