GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Short Interest Up 85.6% in March

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 36,200 shares, an increase of 85.6% from the February 28th total of 19,500 shares. Based on an average daily trading volume, of 180,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.2% of the company’s stock are sold short.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

NASDAQ:AAPB opened at $24.63 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 52 week low of $15.91 and a 52 week high of $36.48. The company has a fifty day simple moving average of $28.12 and a two-hundred day simple moving average of $29.41.

Hedge Funds Weigh In On GraniteShares 2x Long AAPL Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long AAPL Daily ETF in the 4th quarter valued at $68,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long AAPL Daily ETF in the 4th quarter valued at about $812,000. JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long AAPL Daily ETF during the 4th quarter worth about $41,000. Finally, Optiver Holding B.V. lifted its stake in GraniteShares 2x Long AAPL Daily ETF by 398.6% during the fourth quarter. Optiver Holding B.V. now owns 43,367 shares of the company’s stock worth $1,465,000 after purchasing an additional 34,670 shares during the last 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.