GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Sees Large Increase in Short Interest

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,137 shares, a growth of 114.0% from the August 31st total of 14,553 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average trading volume of 43,036 shares, the days-to-cover ratio is presently 0.7 days.

GraniteShares 2x Long AAPL Daily ETF Stock Down 4.5%

AAPB traded down $2.02 during midday trading on Tuesday, hitting $42.88. 30,065 shares of the company were exchanged, compared to its average volume of 108,293. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $25.30 and a 1-year high of $47.63. The firm’s 50 day moving average price is $41.04 and its 200-day moving average price is $36.38.

Institutional Investors Weigh In On GraniteShares 2x Long AAPL Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,533 shares of the company’s stock after purchasing an additional 15,872 shares during the period. Optiver Holding B.V. owned approximately 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 at the end of the most recent quarter.

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.