GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 15.3% in February

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 66,600 shares, a drop of 15.3% from the January 31st total of 78,600 shares. Based on an average daily volume of 829,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

A number of institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Long BABA Daily ETF in the fourth quarter worth $2,302,000. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF during the fourth quarter worth about $288,000. Finally, Hoey Investments Inc. bought a new position in GraniteShares 2x Long BABA Daily ETF in the 4th quarter valued at about $26,000.

GraniteShares 2x Long BABA Daily ETF Trading Down 1.5 %

Shares of BABX stock opened at $35.26 on Wednesday. GraniteShares 2x Long BABA Daily ETF has a 1 year low of $11.85 and a 1 year high of $44.97. The stock has a 50 day simple moving average of $23.54 and a 200 day simple moving average of $21.31.

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.