GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Sees Significant Decrease in Short Interest

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 18,177 shares, a drop of 55.3% from the July 30th total of 40,664 shares. Currently, 4.1% of the company’s shares are sold short. Based on an average daily trading volume, of 73,739 shares, the days-to-cover ratio is currently 0.2 days.

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

A hedge fund recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,533 shares of the company’s stock after acquiring 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 Trading Down 0.1%

Shares of NASDAQ AAPB opened at $40.35 on Monday. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $23.81 and a 12-month high of $47.63. The stock has a fifty day moving average price of $39.15 and a 200 day moving average price of $34.45.

GraniteShares 2x Long AAPL Daily ETF Company Profile

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.