GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Down 55.3% in August

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 18,177 shares, a decrease of 55.3% from the July 30th total of 40,664 shares. Approximately 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 73,739 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of NASDAQ AAPB traded up $1.22 during trading on Friday, reaching $40.40. 23,975 shares of the company traded hands, compared to its average volume of 117,777. The firm has a 50 day simple moving average of $39.15 and a 200-day simple moving average of $34.43. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $23.81 and a 52-week high of $47.63.

Institutional Trading of GraniteShares 2x Long AAPL Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,533 shares of the company’s stock after purchasing an additional 15,872 shares during the period. Optiver Holding B.V. owned 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 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.