Short Interest in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Rises By 28.1%

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 125,800 shares, an increase of 28.1% from the November 15th total of 98,200 shares. Based on an average daily trading volume, of 288,500 shares, the days-to-cover ratio is currently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Price Performance

Shares of BABX stock traded down $0.61 during trading hours on Friday, reaching $17.37. The company’s stock had a trading volume of 312,946 shares, compared to its average volume of 175,993. GraniteShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $32.72. The firm’s fifty day simple moving average is $21.17 and its 200 day simple moving average is $18.09.

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.