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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 51,800 shares, a decline of 21.8% from the December 31st total of 66,200 shares. Based on an average daily trading volume, of 266,100 shares, the short-interest ratio is presently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Price Performance

BABX stock traded down $1.82 during trading on Friday, reaching $21.39. 1,192,241 shares of the company traded hands, compared to its average volume of 604,129. The business has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $18.66. GraniteShares 2x Long BABA Daily ETF has a 12 month low of $11.85 and a 12 month high of $32.72.

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.