Key stats
About GraniteShares 2x Long BABA Daily ETF
Expense ratio
1.15%
Home page
Inception date
Dec 13, 2022
BABX is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of BABA stock. Purchasers holding shares for longer than a day need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. Aside from the leverage, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to Jan. 22, 2024, the fund provided 1.75x leveraged exposure to the price of the stock.
Classification
What's in the fund
Exposure type
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash82.30%
Miscellaneous17.70%
Displays a symbol's price movements over previous years to identify recurring trends.