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

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a significant increase in short interest in the month of 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 days-to-cover ratio is currently 0.3 days.

GraniteShares 2x Long BABA Daily ETF Stock Performance

Shares of NASDAQ:BABX opened at $19.33 on Wednesday. The firm’s 50 day moving average is $22.66 and its two-hundred day moving average is $17.94. 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.