GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Update

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 13,212 shares, a drop of 89.7% from the May 14th total of 128,085 shares. Based on an average trading volume of 46,853 shares, the short-interest ratio is presently 0.3 days. Currently, 2.5% of the company’s stock are short sold.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. purchased a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned about 2.57% of GraniteShares 2x Long AAPL Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AAPL Daily ETF Stock Up 0.7%

Shares of AAPB traded up $0.25 during midday trading on Thursday, reaching $35.31. 20,429 shares of the stock were exchanged, compared to its average volume of 141,336. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $18.31 and a 12-month high of $41.38. The firm has a 50 day simple moving average of $33.65 and a 200-day simple moving average of $31.76.

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.