GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Up 53.9% in November

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 98,200 shares, an increase of 53.9% from the October 31st total of 63,800 shares. Based on an average daily trading volume, of 244,800 shares, the days-to-cover ratio is currently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Trading Up 1.8 %

BABX traded up $0.30 during trading on Friday, reaching $17.38. 178,299 shares of the company’s stock were exchanged, compared to its average volume of 164,666. GraniteShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $32.72. The firm has a fifty day moving average price of $22.79 and a two-hundred day moving average price of $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.