Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Grows By 92.7%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 40,664 shares, an increase of 92.7% from the July 15th total of 21,100 shares. Approximately 9.2% of the company’s shares are short sold. Based on an average daily volume of 96,792 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long AAPL Daily ETF Price Performance

NASDAQ AAPB opened at $37.11 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 1 year low of $23.55 and a 1 year high of $47.63. The business’s 50-day moving average is $38.62 and its 200 day moving average is $33.86.

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

A hedge fund recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% during the first quarter, according to the company in its most recent 13F filing 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 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

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.