GraniteShares 2x Long BABA Daily ETF (BABX)
| Assets | $167.33M |
| Expense Ratio | 1.15% |
| PE Ratio | n/a |
| Shares Out | 4.52M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 333,966 |
| Open | 36.10 |
| Previous Close | 36.47 |
| Day's Range | 35.58 - 36.36 |
| 52-Week Low | 14.29 |
| 52-Week High | 66.00 |
| Beta | 1.39 |
| Holdings | 11 |
| Inception Date | Dec 13, 2022 |
About BABX
Fund Home PageThe GraniteShares 2x Long BABA Daily ETF (BABX) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x 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 issued by GraniteShares.
Top 10 Holdings
169.03% of assets| Name | Symbol | Weight |
|---|---|---|
| Recv Long Baba Trs Wf | n/a | 81.78% |
| Recv Long Baba Trs Cs1 | n/a | 64.92% |
| Baba Equity Swap | n/a | 53.54% |
| Cash & Cash Equivalents | n/a | 23.35% |
| Us Dollars | n/a | 9.23% |
| Cash & Cash Equivalents | n/a | 6.74% |
| Cash & Cash Equivalents | n/a | 5.63% |
| Cash | n/a | -2.37% |
| Baba Equity Swap 1 | n/a | -32.07% |
| Payb Long Baba Trs Cs1 | n/a | -41.74% |
Performance
BABX had a total return of 127.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.42%.
News
BABX Could Be A Good Tactical Investment But Beware Of The Risks
BABX offers 2x daily leverage on Alibaba, ideal for nimble traders seeking amplified exposure to short-term catalysts, not for long-term holding. Alibaba's strong cloud growth and entry into China's A...
BABX Can Provide China Exposure During Trade Talks
BABX offers 2x daily exposure to Alibaba via swaps, suitable only for short-term trading due to daily reset and compounding effects. Holding BABX beyond a single day can result in value decay and sign...
GRANITESHARES HITS $6 BILLION AUM AS NVDL SURGES
Leveraged ETFs linked to NVDA ( NVDL) and COIN ( CONL) drive increased trading and AUM Trading volumes exceed $2.2 BILLION on softer CPI data (06/12/24) Rising demand for the firm's leveraged ETFs h...