Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Declines By 21.5%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 15,300 shares, a decrease of 21.5% from the December 15th total of 19,500 shares. Based on an average daily volume of 84,200 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long AAPL Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 quarter.

GraniteShares 2x Long AAPL Daily ETF Price Performance

AAPB stock opened at $28.28 on Friday. The business’s fifty day moving average is $31.48 and its 200-day moving average is $29.38. GraniteShares 2x Long AAPL Daily ETF has a twelve month low of $15.91 and a twelve month high 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.