BABX

GraniteShares ETF Trust GraniteShares 2x Long BABA Daily ETF

$40.61

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The GraniteShares 2x Long BABA Daily ETF (BABX) seeks to provide 2x the daily return of the American Depositary Shares (ADSs) of Alibaba Group Holding Limited (Alibaba).

Overview

ETF tracking GraniteShares ETF Trust GraniteShares 2x Long BABA Daily ETF

Category Leveraged

Issuer Other

Inception Date 2022-12-13

Market Cap $139.3M

Average Volume N/A

Dividend Yield N/A

52-Week Range $14.46 - $63.85

VWAP $41.91

Performance

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Investment Summary

📎 Investment Objective

The GraniteShares 2x Long BABA Daily ETF (BABX) seeks to provide 2x the daily return of the American Depositary Shares (ADSs) of Alibaba Group Holding Limited (Alibaba).

🎯 Investment Strategy

The ETF uses swap agreements and other derivatives to provide leveraged exposure to the Alibaba ADSs. It aims to deliver 2x the daily performance of the Alibaba ADSs, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to the Alibaba ADSs on a daily basis
Utilizes derivatives such as swap agreements to achieve the targeted leverage
Resets leverage daily, so longer-term returns may differ from 2x the Alibaba ADSs
Has a low expense ratio of 0.00%

⚠️ Primary Risks

Leveraged funds can experience greater volatility and losses compared to the underlying asset
Daily rebalancing can lead to performance deviation from the target 2x leverage over longer holding periods
Counterparty risk associated with the use of derivatives
Concentration risk as the fund is solely focused on Alibaba ADSs

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who seek short-term, leveraged exposure to the Alibaba ADSs and understand the risks associated with daily rebalanced leveraged funds. It is not recommended for long-term buy-and-hold investors.