GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Sees Large Increase in Short Interest

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 19,000 shares, an increase of 304.3% from the March 31st total of 4,700 shares. Based on an average trading volume of 151,700 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long AAPL Daily ETF Trading Up 1.0 %

AAPB opened at $17.03 on Friday. The company has a 50 day simple moving average of $18.04 and a two-hundred day simple moving average of $22.11. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $15.91 and a 1-year high of $30.16.

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.