GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 36,300 shares, a decline of 45.5% from the February 13th total of 66,600 shares. Based on an average daily volume of 999,400 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.2% of the company’s shares are short sold.
GraniteShares 2x Long BABA Daily ETF Stock Up 3.8 %
NASDAQ BABX opened at $41.03 on Friday. GraniteShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $44.97. The business has a 50 day simple moving average of $27.32 and a 200 day simple moving average of $22.52.
Institutional Trading of GraniteShares 2x Long BABA Daily ETF
Several large investors have recently modified their holdings of BABX. Hoey Investments Inc. bought a new stake in GraniteShares 2x Long BABA Daily ETF in the fourth quarter valued at $26,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF in the 4th quarter valued at about $288,000. Finally, Optiver Holding B.V. bought a new stake in GraniteShares 2x Long BABA Daily ETF in the 4th quarter valued at about $2,302,000.
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.
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