GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Down 21.8% in December

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 51,800 shares, a decrease of 21.8% from the December 15th total of 66,200 shares. Based on an average daily trading volume, of 266,100 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long BABA Daily ETF Stock Up 0.2 %

Shares of NASDAQ BABX traded up $0.03 during midday trading on Thursday, reaching $15.16. 165,680 shares of the company’s stock were exchanged, compared to its average volume of 264,672. GraniteShares 2x Long BABA Daily ETF has a 52-week low of $11.85 and a 52-week high of $32.72. The business’s fifty day moving average price is $17.00 and its two-hundred day moving average price is $18.35.

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.