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

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

GraniteShares 2x Long BABA Daily ETF Price Performance

NASDAQ:BABX traded up $0.98 during midday trading on Friday, hitting $16.09. The company’s stock had a trading volume of 550,997 shares, compared to its average volume of 300,881. GraniteShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $32.72. The firm’s 50 day moving average is $16.75 and its 200-day moving average is $18.35.

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.