Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Declines By 73.1%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 28,600 shares, a decline of 73.1% from the August 31st total of 106,300 shares. Based on an average daily trading volume, of 161,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of GraniteShares 2x Long AAPL Daily ETF

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

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of NASDAQ AAPB opened at $28.67 on Friday. The firm has a 50 day moving average of $27.62 and a 200 day moving average of $23.54. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $15.91 and a 12-month high of $31.90.

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.