GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Up 23.7% in February

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 33,400 shares, a growth of 23.7% from the January 31st total of 27,000 shares. Based on an average daily trading volume, of 162,400 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of NASDAQ:AAPB opened at $29.31 on Wednesday. The company has a fifty day simple moving average of $30.42 and a 200 day simple moving average of $29.77. 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

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of GraniteShares 2x Long AAPL Daily ETF in the 4th quarter worth approximately $41,000. Hollencrest Capital Management bought a new position in GraniteShares 2x Long AAPL Daily ETF during the fourth quarter worth $68,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long AAPL Daily ETF during the fourth quarter worth $812,000. Finally, Optiver Holding B.V. boosted its holdings in GraniteShares 2x Long AAPL Daily ETF by 398.6% in the fourth quarter. Optiver Holding B.V. now owns 43,367 shares of the company’s stock worth $1,465,000 after purchasing an additional 34,670 shares during the 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.