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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 44,300 shares, an increase of 24.8% from the October 15th total of 35,500 shares. Based on an average daily volume of 107,700 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds 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. Garden State Investment Advisory Services LLC bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

GraniteShares 2x Long AAPL Daily ETF Stock Down 2.8 %

Shares of GraniteShares 2x Long AAPL Daily ETF stock opened at $27.61 on Friday. GraniteShares 2x Long AAPL Daily ETF has a twelve month low of $15.91 and a twelve month high of $31.90. The firm’s 50-day moving average price is $28.38 and its 200 day moving average price is $26.31.

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.