GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Trading 0.3% Higher – What’s Next?

Shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) were up 0.3% during trading on Friday . The stock traded as high as $35.37 and last traded at $35.15. Approximately 59,991 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 261,534 shares. The stock had previously closed at $35.05.

GraniteShares 2x Long AAPL Daily ETF Stock Up 0.3%

The firm’s fifty day moving average price is $32.94 and its 200 day moving average price is $26.52.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. acquired a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned 2.57% 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.