GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Update

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a significant growth in short interest in 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 trading volume of 288,500 shares, the short-interest ratio is presently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Stock Down 3.4 %

Shares of GraniteShares 2x Long BABA Daily ETF stock traded down $0.61 during midday trading on Friday, reaching $17.37. 314,346 shares of the company’s stock traded hands, compared to its average volume of 175,993. GraniteShares 2x Long BABA Daily ETF has a 52 week low of $11.85 and a 52 week high of $32.72. The company’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $18.10.

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.