GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Shares Down 0.3% – Time to Sell?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) traded down 0.3% on Monday. The stock traded as low as $45.42 and last traded at $45.85. 8,495 shares traded hands during trading, a decline of 92% from the average session volume of 102,561 shares. The stock had previously closed at $45.97.

GraniteShares 2x Long AAPL Daily ETF Trading Up 2.9%

The stock’s fifty day simple moving average is $42.14 and its two-hundred day simple moving average is $38.37.

Hedge Funds Weigh In On GraniteShares 2x Long AAPL Daily ETF

An institutional investor recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. raised its position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% in the 1st 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 period. Optiver Holding B.V. owned 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 as of its most recent filing with the SEC.

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.