GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Stock Price Up 2.1% – Time to Buy?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB)’s stock price rose 2.1% during trading on Wednesday . The stock traded as high as $37.93 and last traded at $37.81. Approximately 27,558 shares traded hands during trading, a decline of 82% from the average daily volume of 155,857 shares. The stock had previously closed at $37.03.

GraniteShares 2x Long AAPL Daily ETF Trading Up 2.5%

The company has a fifty day moving average price of $30.52 and a 200 day moving average price of $31.28.

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. Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned about 2.57% 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.