GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Up 164.5% in March

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 96,000 shares, an increase of 164.5% from the February 28th total of 36,300 shares. Based on an average daily volume of 1,079,400 shares, the short-interest ratio is presently 0.1 days. Currently, 3.2% of the shares of the stock are sold short.

GraniteShares 2x Long BABA Daily ETF Stock Performance

GraniteShares 2x Long BABA Daily ETF stock opened at $35.72 on Thursday. GraniteShares 2x Long BABA Daily ETF has a 12 month low of $11.85 and a 12 month high of $45.28. The business has a 50 day simple moving average of $31.13 and a 200-day simple moving average of $23.84.

Institutional Investors Weigh In On GraniteShares 2x Long BABA Daily ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF in the fourth quarter valued at about $2,302,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth about $288,000. Finally, Hoey Investments Inc. purchased a new position in GraniteShares 2x Long BABA Daily ETF in the 4th quarter valued at about $26,000.

GraniteShares 2x Long BABA Daily ETF Company Profile

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.