GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 45.5% in February

Posted by Renee Jackson on Mar 15th, 2025

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 36,300 shares, a decline of 45.5% from the February 13th total of 66,600 shares. Based on an average daily volume of 999,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On GraniteShares 2x Long BABA Daily ETF

Several large investors have recently added to or reduced their stakes in BABX. Optiver Holding B.V. bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth approximately $2,302,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long BABA Daily ETF during the fourth quarter valued at approximately $288,000. Finally, Hoey Investments Inc. bought a new stake in GraniteShares 2x Long BABA Daily ETF during the fourth quarter worth $26,000.

GraniteShares 2x Long BABA Daily ETF Stock Performance

BABX opened at $41.03 on Friday. The company’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $22.52. GraniteShares 2x Long BABA Daily ETF has a 1-year low of $11.85 and a 1-year high of $44.97.

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.