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

Posted by James Quigley on Jan 30th, 2025

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

GraniteShares 2x Long BABA Daily ETF Trading Up 12.4 %

Shares of GraniteShares 2x Long BABA Daily ETF stock traded up $2.56 during trading hours on Thursday, reaching $23.19. 573,637 shares of the stock traded hands, compared to its average volume of 554,420. The company has a 50 day moving average price of $16.60 and a 200 day moving average price of $18.56. GraniteShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $32.72.

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.