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 decline in short interest in October. As of October 30th, there was short interest totaling 9,845 shares, a decline of 66.4% from the October 15th total of 29,310 shares. Based on an average daily trading volume, of 15,501 shares, the short-interest ratio is presently 0.6 days. Approximately 2.6% of the shares of the stock are short sold.

GraniteShares 2x Long AAPL Daily ETF Price Performance

AAPB stock traded up $1.02 during midday trading on Friday, reaching $49.46. The company had a trading volume of 7,438 shares, compared to its average volume of 95,274. The firm has a 50-day moving average price of $44.72 and a 200-day moving average price of $36.94. GraniteShares 2x Long AAPL Daily ETF has a 1 year low of $25.30 and a 1 year high of $50.21.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% during the first quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

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.