GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Sees Significant Drop in Short Interest

Posted by Lauren Steadman on May 17th, 2026

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,056,641 shares, a drop of 39.0% from the April 15th total of 1,732,045 shares. Based on an average daily trading volume, of 648,174 shares, the days-to-cover ratio is presently 1.6 days. Approximately 23.9% of the company’s stock are short sold.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DGS Capital Management LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the first quarter worth about $216,000. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the fourth quarter worth about $87,000. Genesis Financial Group LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the fourth quarter worth about $1,178,000. IFP Advisors Inc acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the third quarter worth about $114,000. Finally, Scientech Research LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the third quarter worth about $213,000.

GraniteShares 2x Long BABA Daily ETF Trading Down 12.1%

Shares of NASDAQ:BABX traded down $3.66 during trading on Friday, hitting $26.55. The stock had a trading volume of 1,069,286 shares, compared to its average volume of 896,210. GraniteShares 2x Long BABA Daily ETF has a 12-month low of $20.68 and a 12-month high of $66.00. The stock has a 50-day simple moving average of $27.10 and a two-hundred day simple moving average of $36.95.

GraniteShares 2x Long BABA Daily ETF Company Profile

(Get Free Report)

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.