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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 38,300 shares, a growth of 25.2% from the May 15th total of 30,600 shares. Based on an average daily volume of 255,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.7% of the company’s stock are sold short.

Institutional Trading of GraniteShares 2x Long AAPL Daily ETF

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in GraniteShares 2x Long AAPL Daily ETF in the 4th quarter worth approximately $41,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long AAPL Daily ETF in the fourth quarter worth $68,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long AAPL Daily ETF during the 4th quarter worth $812,000. Finally, Optiver Holding B.V. grew its stake in GraniteShares 2x Long AAPL Daily ETF by 398.6% in the 4th quarter. Optiver Holding B.V. now owns 43,367 shares of the company’s stock valued at $1,465,000 after buying an additional 34,670 shares during the last quarter.

GraniteShares 2x Long AAPL Daily ETF Stock Up 0.7%

AAPB stock opened at $18.53 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 1 year low of $14.50 and a 1 year high of $36.48. The company has a fifty day simple moving average of $19.96 and a 200 day simple moving average of $25.77.

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.