Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Drops By 53.2%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 14,400 shares, a drop of 53.2% from the September 30th total of 30,800 shares. Based on an average daily volume of 360,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.6% of the shares of the stock are sold short. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 360,700 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 2x Long AAPL Daily ETF Price Performance

AAPB stock opened at $33.22 on Thursday. The business has a fifty day moving average of $28.25 and a two-hundred day moving average of $23.39. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $14.50 and a 52-week high of $36.47.

Institutional Investors Weigh In On GraniteShares 2x Long AAPL Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,298 shares of the company’s stock, valued at approximately $26,000. Simplex Trading LLC owned about 0.09% 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.