Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Declines By 21.5%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 15,300 shares, a drop of 21.5% from the December 31st total of 19,500 shares. Based on an average daily volume of 84,200 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long AAPL Daily ETF Trading Down 1.4 %

Shares of AAPB stock opened at $29.56 on Friday. The firm’s 50 day moving average is $31.49 and its 200-day moving average is $29.32. GraniteShares 2x Long AAPL Daily ETF has a 1 year low of $15.91 and a 1 year high of $36.47.

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.