GraniteShares 2x Long BABA Daily ETF (BABX)
GraniteShares 2x Long BABA Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $22.73, down 4.25% on the session, giving a market capitalisation of $104.3M. Its beta of 1.02 implies it has historically moved more than the broad market.
This Exchange Traded Fund (ETF) is designed to achieve daily investment outcomes that correspond to two times (200%) the daily percentage fluctuation of Alibaba Group Holding Limited's common stock (BABA), excluding operational costs and fees. There is no assurance that the Fund will consistently meet this target. Furthermore, investors should not anticipate that the fund will generate double the aggregate return of BABA for any duration exceeding a single day.
GraniteShares 2x Long BABA Daily ETF is most often compared with the following Financial Services names: