GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Up 28.1% in November

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 125,800 shares, a growth of 28.1% from the November 15th total of 98,200 shares. Based on an average daily volume of 288,500 shares, the days-to-cover ratio is currently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Stock Performance

Shares of BABX stock traded down $0.61 during trading hours on Friday, reaching $17.37. 314,346 shares of the company’s stock were exchanged, compared to its average volume of 175,993. GraniteShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $32.72. The stock’s 50 day moving average is $20.90 and its 200-day moving average is $18.12.

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.