GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Shares Up 5.6% – Time to Buy?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB)’s stock price rose 5.6% on Tuesday . The stock traded as high as $34.06 and last traded at $34.00. Approximately 39,530 shares changed hands during trading, a decline of 70% from the average daily volume of 133,303 shares. The stock had previously closed at $32.20.

GraniteShares 2x Long AAPL Daily ETF Trading Up 9.6%

The business’s 50-day moving average is $35.62 and its two-hundred day moving average is $31.71.

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

An institutional investor recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Woodward Diversified Capital LLC bought a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned 0.77% of GraniteShares 2x Long AAPL Daily ETF as of its most recent filing with the SEC.

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.