GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Up 344.3% in June

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 35,712 shares, a growth of 344.3% from the June 15th total of 8,037 shares. Based on an average daily trading volume, of 53,970 shares, the short-interest ratio is presently 0.7 days. Approximately 6.6% of the company’s shares are short sold.

GraniteShares 2x Long AAPL Daily ETF Stock Down 0.7%

Shares of NASDAQ:AAPB traded down $0.30 during trading on Friday, reaching $40.08. 84,729 shares of the stock were exchanged, compared to its average volume of 129,406. The firm’s 50-day moving average price is $36.87 and its 200 day moving average price is $31.99. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $19.23 and a 12-month high of $41.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. raised its stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% during the first quarter, according to its most recent disclosure with the SEC. 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 approximately 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 as of its most recent SEC filing.

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.