Short Interest in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Drops By 82.6%

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 9,000 shares, a decrease of 82.6% from the July 15th total of 51,600 shares. Based on an average daily trading volume, of 177,000 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long BABA Daily ETF Stock Performance

NASDAQ BABX traded down $0.62 on Wednesday, hitting $15.65. The stock had a trading volume of 72,903 shares, compared to its average volume of 128,726. The firm has a 50-day moving average of $14.62 and a 200-day moving average of $14.58. GraniteShares 2x Long BABA Daily ETF has a 52-week low of $11.85 and a 52-week high of $24.22.

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.