Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Declines By 73.1%

Posted by Amy Steele on Sep 27th, 2024

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 28,600 shares, a decrease of 73.1% from the August 31st total of 106,300 shares. Based on an average trading volume of 161,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors 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. Garden State Investment Advisory Services LLC bought a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned 2.32% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AAPL Daily ETF Price Performance

Shares of AAPB opened at $28.67 on Friday. GraniteShares 2x Long AAPL Daily ETF has a twelve month low of $15.91 and a twelve month high of $31.90. The company’s fifty day simple moving average is $27.62 and its 200-day simple moving average is $23.54.

About GraniteShares 2x Long AAPL Daily ETF

(Get Free Report)

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.