Short Interest in GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Expands By 119.6%

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,146,161 shares, an increase of 119.6% from the June 15th total of 521,944 shares. Based on an average daily trading volume, of 946,276 shares, the days-to-cover ratio is presently 1.2 days. Approximately 21.3% of the company’s shares are short sold.

Institutional Trading of GraniteShares 2x Long BABA Daily ETF

Several large investors have recently made changes to their positions in the company. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long BABA Daily ETF by 189.0% during the first quarter. Optiver Holding B.V. now owns 61,099 shares of the company’s stock worth $1,508,000 after purchasing an additional 39,958 shares during the period. Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF during the 4th quarter valued at $1,178,000. Jane Street Group LLC raised its holdings in GraniteShares 2x Long BABA Daily ETF by 4.9% during the first quarter. Jane Street Group LLC now owns 18,747 shares of the company’s stock worth $668,000 after buying an additional 876 shares during the last quarter. DGS Capital Management LLC acquired a new position in GraniteShares 2x Long BABA Daily ETF during the first quarter worth $216,000. Finally, Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF in the third quarter valued at $222,000.

GraniteShares 2x Long BABA Daily ETF Trading Up 1.5%

NASDAQ:BABX opened at $20.78 on Thursday. The company has a fifty day moving average of $21.13 and a 200-day moving average of $29.73. GraniteShares 2x Long BABA Daily ETF has a twelve month low of $12.70 and a twelve month high of $66.00.

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.