Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Declines By 83.4%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 15,523 shares, a decrease of 83.4% from the December 15th total of 93,240 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 54,534 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 54,534 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. bought a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned 2.57% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AAPL Daily ETF Price Performance

AAPB traded up $0.19 on Monday, hitting $29.26. The company had a trading volume of 206,519 shares, compared to its average volume of 161,949. The stock has a fifty day moving average price of $33.51 and a 200-day moving average price of $28.48. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $14.50 and a 12-month high of $37.89.

GraniteShares 2x Long AAPL Daily ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a dividend of $1.4092 per share. This represents a c) annualized dividend and a dividend yield of 57.8%. The ex-dividend date was Monday, December 29th.

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.