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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 120,300 shares, an increase of 132.2% from the December 31st total of 51,800 shares. Based on an average daily volume of 294,100 shares, the short-interest ratio is presently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Stock Performance

Shares of BABX stock traded up $2.58 during trading hours on Thursday, hitting $23.21. 885,898 shares of the company were exchanged, compared to its average volume of 572,846. GraniteShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $32.72. The company has a 50 day simple moving average of $16.60 and a two-hundred day simple moving average of $18.56.

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.