GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Update

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 44,300 shares, an increase of 24.8% from the October 15th total of 35,500 shares. Based on an average daily trading volume, of 107,700 shares, the days-to-cover ratio is presently 0.4 days.

GraniteShares 2x Long AAPL Daily ETF Trading Up 2.5 %

Shares of GraniteShares 2x Long AAPL Daily ETF stock opened at $28.41 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $15.91 and a 1-year high of $31.90. The company’s fifty day simple moving average is $28.36 and its 200-day simple moving average is $26.30.

Hedge Funds Weigh In On 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 purchased a new position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.

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.