GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Stock Short Interest Rises 114.0%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 31,137 shares, an increase of 114.0% from the August 31st total of 14,553 shares. Currently, 7.6% of the company’s shares are sold short. Based on an average trading volume of 43,036 shares, the short-interest ratio is presently 0.7 days.

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

An institutional investor recently raised its position in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. raised its position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 as of its most recent filing with the SEC.

GraniteShares 2x Long AAPL Daily ETF Price Performance

Shares of NASDAQ:AAPB opened at $42.47 on Wednesday. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $25.30 and a 1-year high of $47.63. The business has a 50-day moving average price of $41.03 and a two-hundred day moving average price of $36.47.

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.