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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 66,600 shares, a decrease of 15.3% from the January 31st total of 78,600 shares. Based on an average daily volume of 829,100 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Long BABA Daily ETF Stock Down 1.6 %

NASDAQ BABX opened at $40.71 on Friday. GraniteShares 2x Long BABA Daily ETF has a twelve month low of $11.85 and a twelve month high of $44.97. The stock has a 50-day moving average of $24.52 and a 200 day moving average of $21.59.

Hedge Funds Weigh In On GraniteShares 2x Long BABA Daily ETF

A number of large investors have recently bought and sold shares of BABX. Hoey Investments Inc. purchased a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $26,000. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $288,000. Finally, Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $2,302,000.

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.