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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 13,212 shares, a decrease of 89.7% from the May 14th total of 128,085 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 46,853 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On GraniteShares 2x Long AAPL Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Woodward Diversified Capital LLC purchased a new position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned approximately 0.77% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AAPL Daily ETF Stock Down 7.5%

NASDAQ AAPB opened at $34.59 on Wednesday. GraniteShares 2x Long AAPL Daily ETF has a 52 week low of $18.31 and a 52 week high of $41.38. The firm’s 50-day simple moving average is $33.46 and its two-hundred day simple moving average is $31.74.

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.