Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Increases By 119.5%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 27,000 shares, a growth of 119.5% from the January 15th total of 12,300 shares. Based on an average daily volume of 146,700 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long AAPL Daily ETF Price Performance

AAPB opened at $30.85 on Friday. The company’s 50 day moving average is $31.14 and its 200 day moving average is $29.31. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $15.91 and a 12-month high of $36.47.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. JPMorgan Chase & Co. purchased a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,227 shares of the company’s stock, valued at approximately $41,000. JPMorgan Chase & Co. owned approximately 0.14% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

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.