GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,146,161 shares, an increase of 119.6% from the June 15th total of 521,944 shares. Based on an average daily volume of 946,276 shares, the days-to-cover ratio is presently 1.2 days. Approximately 21.3% of the shares of the stock are short sold.
GraniteShares 2x Long BABA Daily ETF Trading Down 0.4%
Shares of BABX stock opened at $20.40 on Friday. The firm’s 50 day moving average is $20.93 and its 200-day moving average is $29.60. GraniteShares 2x Long BABA Daily ETF has a 1 year low of $12.70 and a 1 year high of $66.00.
Institutional Trading of GraniteShares 2x Long BABA Daily ETF
A number of large investors have recently made changes to their positions in BABX. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long BABA Daily ETF by 189.0% during the first quarter. Optiver Holding B.V. now owns 61,099 shares of the company’s stock worth $1,508,000 after purchasing an additional 39,958 shares during the period. DGS Capital Management LLC acquired a new position in shares of GraniteShares 2x Long BABA Daily ETF in the 1st quarter valued at approximately $216,000. Simplex Trading LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $87,000. Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $1,178,000. Finally, IFP Advisors Inc acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the 3rd quarter worth approximately $114,000.
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.
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