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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB – Get Free Report) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 9,845 shares, a drop of 66.4% from the October 15th total of 29,310 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,501 shares, the short-interest ratio is presently 0.6 days.

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

A hedge fund recently raised its position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB – Free Report) by 433.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,533 shares of the company’s stock after purchasing an additional 15,872 shares during the period. Optiver Holding B.V. owned about 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 as of its most recent filing with the SEC.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

NASDAQ:AAPB traded up $1.02 during mid-day trading on Friday, reaching $49.46. The stock had a trading volume of 7,438 shares, compared to its average volume of 95,274. The firm has a 50 day moving average price of $44.72 and a two-hundred day moving average price of $36.94. GraniteShares 2x Long AAPL Daily ETF has a one year low of $25.30 and a one year high of $50.21.

GraniteShares 2x Long AAPL Daily ETF Company Profile

(Get Free Report)

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.

Further Reading

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