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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,764,220 shares, an increase of 110.7% from the July 15th total of 837,278 shares. Based on an average trading volume of 639,436 shares, the days-to-cover ratio is presently 2.8 days. Currently, 37.5% of the company’s stock are sold short.

GraniteShares 2x Long BABA Daily ETF Stock Performance

GraniteShares 2x Long BABA Daily ETF stock opened at $22.17 on Monday. The stock has a 50 day moving average of $19.03 and a 200-day moving average of $26.51. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $12.70 and a 52 week high of $66.00.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

Several institutional investors have recently added to or reduced their stakes in BABX. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long BABA Daily ETF by 189.0% during the 1st quarter. Optiver Holding B.V. now owns 61,099 shares of the company’s stock worth $1,508,000 after acquiring an additional 39,958 shares in the last quarter. Jane Street Group LLC increased 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 buying an additional 876 shares during the last quarter. DGS Capital Management LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF in the first quarter valued at about $216,000. Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the third quarter valued at approximately $222,000. Finally, Scientech Research LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the third quarter valued at approximately $213,000.

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.