GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Stock Price Up 0.7% – Here’s Why

Shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) traded up 0.7% on Wednesday . The company traded as high as $27.35 and last traded at $26.88. 89,712 shares were traded during trading, a decline of 51% from the average session volume of 182,484 shares. The stock had previously closed at $26.69.

GraniteShares 2x Long AAPL Daily ETF Stock Up 0.7%

The stock’s fifty day simple moving average is $28.95 and its 200 day simple moving average is $30.71.

GraniteShares 2x Long AAPL Daily ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were given a $1.4092 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 62.9%.

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. Woodward Diversified Capital LLC bought a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned approximately 0.77% of GraniteShares 2x Long AAPL Daily ETF 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.