GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 21.8% in December

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

GraniteShares 2x Long BABA Daily ETF Stock Performance

Shares of BABX stock traded up $0.98 on Friday, reaching $16.09. 550,997 shares of the company’s stock traded hands, compared to its average volume of 300,881. GraniteShares 2x Long BABA Daily ETF has a 12-month low of $11.85 and a 12-month high of $32.72. The business’s 50 day moving average price is $16.75 and its two-hundred day moving average price is $18.35.

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.