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

by · The Cerbat Gem

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 18,177 shares, a decrease of 55.3% from the July 30th total of 40,664 shares. Based on an average daily trading volume, of 73,739 shares, the short-interest ratio is currently 0.2 days. Approximately 4.1% of the company’s shares are short sold.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of NASDAQ:AAPB traded up $1.22 during midday trading on Friday, hitting $40.40. 23,975 shares of the stock traded hands, compared to its average volume of 117,777. The business’s 50 day moving average is $39.15 and its two-hundred day moving average is $34.43. GraniteShares 2x Long AAPL Daily ETF has a one year low of $23.81 and a one year high of $47.63.

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. raised its stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB – Free Report) by 433.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,533 shares of the company’s stock after buying an additional 15,872 shares during the quarter. Optiver Holding B.V. owned about 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

(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.

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