Short Interest in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Increases By 76.2%

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 63,800 shares, an increase of 76.2% from the October 15th total of 36,200 shares. Based on an average trading volume of 229,900 shares, the short-interest ratio is currently 0.3 days.

GraniteShares 2x Long BABA Daily ETF Price Performance

Shares of GraniteShares 2x Long BABA Daily ETF stock traded down $0.82 on Friday, reaching $17.98. The company had a trading volume of 600,998 shares, compared to its average volume of 161,891. The firm’s 50-day moving average price is $22.83 and its two-hundred day moving average price is $17.99. GraniteShares 2x Long BABA Daily ETF has a 1 year low of $11.85 and a 1 year high of $32.72.

GraniteShares 2x Long BABA Daily ETF Company Profile

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.