GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 304,420 shares, a decrease of 60.2% from the August 15th total of 764,559 shares. Based on an average daily trading volume, of 1,279,342 shares, the days-to-cover ratio is presently 0.2 days. Approximately 6.5% of the company’s shares are short sold.
Hedge Funds Weigh In On GraniteShares 2x Long BABA Daily ETF
Several large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in GraniteShares 2x Long BABA Daily ETF by 4.9% in the first quarter. Jane Street Group LLC now owns 18,747 shares of the company’s stock valued at $668,000 after acquiring an additional 876 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 2nd quarter worth about $69,000. Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 3rd quarter worth about $222,000. Scientech Research LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF during the 3rd quarter valued at about $213,000. Finally, Simplex Trading LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF during the 4th quarter valued at about $87,000.
GraniteShares 2x Long BABA Daily ETF Trading Up 1.3%
Shares of BABX opened at $16.93 on Friday. The business’s fifty day moving average price is $20.18 and its two-hundred day moving average price is $23.39. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $12.70 and a 52 week high of $66.00.
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.
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