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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large 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 volume of 96,792 shares, the short-interest ratio is currently 0.4 days. Approximately 9.2% of the company’s shares are short sold.

GraniteShares 2x Long AAPL Daily ETF Stock Down 0.3%

AAPB stock opened at $36.99 on Tuesday. The firm’s fifty day moving average is $38.61 and its 200 day moving average is $33.95. GraniteShares 2x Long AAPL Daily ETF has a 52 week low of $23.55 and a 52 week high of $47.63.

Institutional Inflows and Outflows

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

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.