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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 19,500 shares, a decline of 31.8% from the November 30th total of 28,600 shares. Based on an average daily trading volume, of 86,500 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares 2x Long AAPL Daily ETF Stock Down 2.7 %

Shares of NASDAQ:AAPB opened at $35.24 on Friday. GraniteShares 2x Long AAPL Daily ETF has a one year low of $15.91 and a one year high of $36.47. The company has a 50-day simple moving average of $30.72 and a 200-day simple moving average of $28.82.

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) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned approximately 2.32% of GraniteShares 2x Long AAPL Daily ETF as of its most recent filing with the SEC.

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.