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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPBGet Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 19,500 shares, a drop of 41.6% from the February 13th total of 33,400 shares. Based on an average trading volume of 169,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.3% of the company’s shares are sold short.

GraniteShares 2x Long AAPL Daily ETF Price Performance

Shares of NASDAQ:AAPB opened at $23.74 on Monday. The business’s 50-day moving average is $29.21 and its 200-day moving average is $29.65. GraniteShares 2x Long AAPL Daily ETF has a 1 year low of $15.91 and a 1 year high of $36.47.

Hedge Funds Weigh In On GraniteShares 2x Long AAPL Daily ETF

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

GraniteShares 2x Long AAPL Daily ETF Company Profile

(Get Free Report)

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.

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