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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 44,300 shares, a growth of 24.8% from the October 15th total of 35,500 shares. Based on an average daily volume of 107,700 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Garden State Investment Advisory Services LLC bought a new position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned approximately 2.32% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

AAPB opened at $27.61 on Friday. The business has a fifty day moving average of $28.38 and a 200 day moving average of $26.31. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $15.91 and a 52-week high of $31.90.

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.