GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Update

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 13,212 shares, a decrease of 89.7% from the May 14th total of 128,085 shares. Based on an average daily trading volume, of 46,853 shares, the short-interest ratio is currently 0.3 days. Approximately 2.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On GraniteShares 2x Long AAPL Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. purchased a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned about 2.57% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AAPL Daily ETF Price Performance

GraniteShares 2x Long AAPL Daily ETF stock traded down $2.80 during midday trading on Tuesday, reaching $34.59. 116,373 shares of the stock traded hands, compared to its average volume of 143,459. The stock’s fifty day moving average is $33.46 and its 200-day moving average is $31.74. GraniteShares 2x Long AAPL Daily ETF has a 12 month low of $18.31 and a 12 month high of $41.38.

About GraniteShares 2x Long AAPL Daily ETF

The GraniteShares 1.75x Long AAPL Daily ETF (AAPB) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.75x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPB was launched on Aug 9, 2022 and is managed by GraniteShares.