GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 740,344 shares, a decrease of 37.2% from the May 14th total of 1,179,421 shares. Currently, 16.7% of the company’s shares are sold short. Based on an average daily trading volume, of 738,846 shares, the short-interest ratio is currently 1.0 days.
GraniteShares 2x Long BABA Daily ETF Price Performance
Shares of BABX stock opened at $18.67 on Wednesday. The stock has a 50-day moving average of $25.75 and a 200-day moving average of $33.33. GraniteShares 2x Long BABA Daily ETF has a 1-year low of $18.02 and a 1-year high of $66.00.
Institutional Investors Weigh In On GraniteShares 2x Long BABA Daily ETF
Several institutional investors and hedge funds have recently made changes to their positions in BABX. Tower Research Capital LLC TRC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 2nd quarter valued at about $69,000. Simplex Trading LLC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 4th quarter valued at about $87,000. IFP Advisors Inc bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 3rd quarter valued at about $114,000. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 3rd quarter valued at about $213,000. Finally, DGS Capital Management LLC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF during the 1st quarter valued at about $216,000.
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.
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