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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw 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 presently 0.2 days.

GraniteShares 2x Long AAPL Daily ETF Stock Up 3.6 %

Shares of AAPB opened at $29.74 on Thursday. The business’s 50-day moving average is $31.19 and its two-hundred day moving average is $29.31. GraniteShares 2x Long AAPL Daily ETF has a fifty-two week low of $15.91 and a fifty-two week high of $36.47.

Institutional Investors Weigh In On GraniteShares 2x Long AAPL Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. JPMorgan Chase & Co. purchased a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 quarter.

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.