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 target of a large drop in short interest in December. As of December 31st, there was short interest totalling 15,300 shares, a drop of 21.5% from the December 15th total of 19,500 shares. Based on an average trading volume of 84,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of GraniteShares 2x Long AAPL Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Garden State Investment Advisory Services LLC bought a new position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned 2.32% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

AAPB opened at $30.34 on Thursday. The business has a 50 day moving average price of $31.48 and a 200 day moving average price of $29.38. GraniteShares 2x Long AAPL Daily ETF has a twelve month low of $15.91 and a twelve month high of $36.47.

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.