GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Down 40.9% in July

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 21,100 shares, a drop of 40.9% from the June 30th total of 35,712 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average trading volume of 64,385 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 2x Long AAPL Daily ETF Trading Down 2.6%

Shares of GraniteShares 2x Long AAPL Daily ETF stock opened at $44.56 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $19.23 and a 52-week high of $47.63. The company has a 50 day moving average of $39.05 and a 200 day moving average of $33.15.

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

An institutional investor recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% in the first quarter, according to the company in its most recent Form 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 at the end of the most recent quarter.

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.