GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Down 39.2% in June

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 8,037 shares, a decrease of 39.2% from the May 31st total of 13,212 shares. Based on an average daily trading volume, of 54,512 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Woodward Diversified Capital LLC bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned 0.77% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AAPL Daily ETF Price Performance

AAPB stock traded up $2.59 during midday trading on Thursday, hitting $37.74. The stock had a trading volume of 14,338 shares, compared to its average volume of 131,542. The business has a fifty day moving average price of $35.62 and a two-hundred day moving average price of $31.71. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $19.23 and a 1-year high of $41.38.

About GraniteShares 2x Long AAPL Daily ETF

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.