GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 47.4% in December

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 66,200 shares, a decrease of 47.4% from the November 30th total of 125,800 shares. Based on an average daily volume of 315,400 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Trading Down 2.6 %

Shares of NASDAQ:BABX traded down $0.43 during trading on Friday, reaching $16.19. The stock had a trading volume of 140,426 shares, compared to its average volume of 180,881. The stock has a fifty day simple moving average of $18.80 and a two-hundred day simple moving average of $18.17. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $11.85 and a 52 week high of $32.72.

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.