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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a significant 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 short-interest ratio is currently 0.0 days. Approximately 1.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BABX. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long BABA Daily ETF during the fourth quarter valued at approximately $2,302,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long BABA Daily ETF during the fourth quarter valued at approximately $288,000. Finally, Hoey Investments Inc. purchased a new position in GraniteShares 2x Long BABA Daily ETF during the fourth quarter valued at approximately $26,000.

GraniteShares 2x Long BABA Daily ETF Stock Up 3.8 %

Shares of BABX opened at $41.03 on Friday. The company’s 50 day moving average price is $27.32 and its 200 day moving average price is $22.57. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $11.85 and a 52 week high of $44.97.

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.