GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Up 2,754.5% in September

Posted by Scott Moore on Oct 12th, 2024

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 94,200 shares, an increase of 2,754.5% from the September 15th total of 3,300 shares. Based on an average daily trading volume, of 227,900 shares, the short-interest ratio is presently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Trading Up 1.5 %

Shares of NASDAQ:BABX traded up $0.41 during midday trading on Friday, hitting $28.40. 196,350 shares of the stock were exchanged, compared to its average volume of 158,697. The company has a 50 day moving average price of $19.58 and a 200-day moving average price of $16.35. GraniteShares 2x Long BABA Daily ETF has a twelve month low of $11.85 and a twelve month 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.