GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Trading Up 5.2% – Still a Buy?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB)’s stock price shot up 5.2% on Friday . The company traded as high as $30.95 and last traded at $30.50. 83,661 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 168,505 shares. The stock had previously closed at $28.98.

GraniteShares 2x Long AAPL Daily ETF Price Performance

The company has a 50 day simple moving average of $28.53 and a 200-day simple moving average of $30.73.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Woodward Diversified Capital LLC bought a new position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned 0.77% of GraniteShares 2x Long AAPL Daily ETF as of its most recent SEC filing.

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.