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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 91,232 shares, a growth of 30.3% from the March 31st total of 70,031 shares. Approximately 15.7% of the company’s stock are short sold. Based on an average trading volume of 141,787 shares, the short-interest ratio is currently 0.6 days.

GraniteShares 2x Long AAPL Daily ETF Stock Up 8.6%

Shares of GraniteShares 2x Long AAPL Daily ETF stock traded up $2.65 during trading hours on Friday, hitting $33.31. 197,948 shares of the company’s stock traded hands, compared to its average volume of 164,726. GraniteShares 2x Long AAPL Daily ETF has a twelve month low of $18.20 and a twelve month high of $37.89. The stock has a 50 day simple moving average of $28.62 and a 200-day simple moving average of $30.76.

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. acquired a new position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned 2.57% of GraniteShares 2x Long AAPL Daily ETF as of its most recent SEC filing.

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.