GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 34.7% in January

Posted by Amy Steele on Feb 16th, 2025

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 78,600 shares, a drop of 34.7% from the January 15th total of 120,300 shares. Based on an average daily trading volume, of 505,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hoey Investments Inc. acquired a new position in GraniteShares 2x Long BABA Daily ETF in the fourth quarter valued at approximately $26,000. Jane Street Group LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF in the fourth quarter valued at approximately $288,000. Finally, Optiver Holding B.V. acquired a new position in GraniteShares 2x Long BABA Daily ETF in the fourth quarter valued at approximately $2,302,000.

GraniteShares 2x Long BABA Daily ETF Stock Up 8.7 %

BABX traded up $2.69 during mid-day trading on Friday, reaching $33.56. The stock had a trading volume of 1,855,278 shares, compared to its average volume of 850,634. The firm’s fifty day simple moving average is $18.70 and its two-hundred day simple moving average is $19.46. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $11.85 and a 52 week high of $34.58.

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.