GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Up 92.7% in July

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 40,664 shares, a growth of 92.7% from the July 15th total of 21,100 shares. Based on an average daily trading volume, of 96,792 shares, the days-to-cover ratio is currently 0.4 days. Currently, 9.2% of the company’s shares are sold short.

Hedge Funds Weigh In On GraniteShares 2x Long AAPL Daily ETF

An institutional investor recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,533 shares of the company’s stock after purchasing an additional 15,872 shares during the period. Optiver Holding B.V. owned approximately 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 as of its most recent SEC filing.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of AAPB opened at $37.11 on Monday. The company has a 50-day moving average of $38.62 and a two-hundred day moving average of $33.90. GraniteShares 2x Long AAPL Daily ETF has a one year low of $23.55 and a one year high of $47.63.

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.