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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 44,300 shares, a growth of 24.8% from the October 15th total of 35,500 shares. Based on an average trading volume of 107,700 shares, the days-to-cover ratio is presently 0.4 days.

GraniteShares 2x Long AAPL Daily ETF Trading Down 2.8 %

Shares of AAPB opened at $27.61 on Friday. The stock has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $26.38. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $15.91 and a 52-week high of $31.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned about 2.32% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

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.