GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Trading 1.9% Higher – What’s Next?

Shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) rose 1.9% on Monday . The stock traded as high as $18.98 and last traded at $18.94. Approximately 214,704 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 179,554 shares. The stock had previously closed at $18.59.

GraniteShares 2x Long AAPL Daily ETF Stock Up 1.9%

The firm’s 50 day moving average price is $20.00 and its two-hundred day moving average price is $25.96.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in GraniteShares 2x Long AAPL Daily ETF during the 4th quarter worth $41,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF during the fourth quarter worth about $68,000. Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF during the fourth quarter worth about $812,000. Finally, Optiver Holding B.V. lifted its position in shares of GraniteShares 2x Long AAPL Daily ETF by 398.6% during the fourth quarter. Optiver Holding B.V. now owns 43,367 shares of the company’s stock worth $1,465,000 after purchasing an additional 34,670 shares during the last quarter.

GraniteShares 2x Long AAPL Daily ETF Company Profile

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.