Genesis Financial Group LLC Takes $1.18 Million Position in GraniteShares 2x Long BABA Daily ETF $BABX

Genesis Financial Group LLC bought a new stake in shares of GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 32,688 shares of the company’s stock, valued at approximately $1,178,000. Genesis Financial Group LLC owned approximately 0.73% of GraniteShares 2x Long BABA Daily ETF at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BABX. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long BABA Daily ETF in the 3rd quarter valued at $625,000. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Long BABA Daily ETF during the third quarter worth about $222,000. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long BABA Daily ETF in the third quarter worth about $213,000. Tower Research Capital LLC TRC purchased a new stake in shares of GraniteShares 2x Long BABA Daily ETF in the second quarter worth about $69,000. Finally, IFP Advisors Inc acquired a new stake in shares of GraniteShares 2x Long BABA Daily ETF in the third quarter valued at about $114,000.

GraniteShares 2x Long BABA Daily ETF Trading Down 2.8%

Shares of NASDAQ:BABX opened at $23.30 on Friday. GraniteShares 2x Long BABA Daily ETF has a one year low of $18.16 and a one year high of $66.00. The business’s 50-day simple moving average is $34.76 and its 200 day simple moving average is $42.05.

GraniteShares 2x Long BABA Daily ETF 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.