GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Trading 0.7% Higher – Still a Buy?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $27.35 and last traded at $26.88. 89,712 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 182,484 shares. The stock had previously closed at $26.69.

GraniteShares 2x Long AAPL Daily ETF Trading Up 0.7%

The company’s 50 day moving average price is $28.95 and its 200 day moving average price is $30.71.

GraniteShares 2x Long AAPL Daily ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a $1.4092 dividend. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 62.9%.

Institutional Trading of GraniteShares 2x Long AAPL Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Woodward Diversified Capital LLC acquired a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned 0.77% of GraniteShares 2x Long AAPL Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long AAPL Daily ETF Company Profile

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.