GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX – Get Free Report) was the target 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. Currently, 21.3% of the shares of the company are sold short. Based on an average trading volume of 946,276 shares, the short-interest ratio is currently 1.2 days.
Hedge Funds Weigh In On GraniteShares 2x Long BABA Daily ETF
Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. increased its position in GraniteShares 2x Long BABA Daily ETF by 189.0% in the first quarter. Optiver Holding B.V. now owns 61,099 shares of the company’s stock worth $1,508,000 after buying an additional 39,958 shares during the last quarter. Genesis Financial Group LLC bought a new position in shares of GraniteShares 2x Long BABA Daily ETF during the 4th quarter worth $1,178,000. Jane Street Group LLC increased its holdings in GraniteShares 2x Long BABA Daily ETF by 4.9% in the 1st quarter. Jane Street Group LLC now owns 18,747 shares of the company’s stock worth $668,000 after acquiring an additional 876 shares during the last quarter. DGS Capital Management LLC purchased a new stake in GraniteShares 2x Long BABA Daily ETF in the 1st quarter worth about $216,000. Finally, Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long BABA Daily ETF in the 3rd quarter valued at about $222,000.
GraniteShares 2x Long BABA Daily ETF Stock Up 11.4%
BABX traded up $2.12 during midday trading on Wednesday, reaching $20.79. The company had a trading volume of 1,357,010 shares, compared to its average volume of 892,692. GraniteShares 2x Long BABA Daily ETF has a 12-month low of $12.70 and a 12-month high of $66.00. The business has a 50-day moving average price of $21.33 and a two-hundred day moving average price of $29.85.
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.
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