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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 15,523 shares, a decline of 83.4% from the December 15th total of 93,240 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 54,534 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 54,534 shares, the short-interest ratio is presently 0.3 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,648 shares of the company’s stock, valued at approximately $678,000. Optiver Holding B.V. owned approximately 2.57% of GraniteShares 2x Long AAPL Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of GraniteShares 2x Long AAPL Daily ETF stock opened at $29.39 on Wednesday. The firm’s 50 day simple moving average is $33.43 and its two-hundred day simple moving average is $28.55. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $14.50 and a 12-month high of $37.89.

GraniteShares 2x Long AAPL Daily ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a dividend of $1.4092 per share. This represents a c) annualized dividend and a yield of 57.5%. The ex-dividend date was Monday, December 29th.

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.