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 large drop in short interest in 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 volume of 266,100 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Trading Up 6.5 %

GraniteShares 2x Long BABA Daily ETF stock traded up $0.98 during mid-day trading on Friday, reaching $16.09. 550,997 shares of the company traded hands, compared to its average volume of 300,881. The firm’s fifty day moving average is $16.75 and its two-hundred day moving average is $18.35. GraniteShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $32.72.

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.