GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Trading 2% Higher – Time to Buy?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) shares were up 2% during mid-day trading on Monday . The stock traded as high as $45.29 and last traded at $45.26. Approximately 19,200 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 111,089 shares. The stock had previously closed at $44.37.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

The company has a 50 day simple moving average of $40.98 and a 200 day simple moving average of $35.92.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. boosted its position in shares of 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 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.