Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Declines By 78.1%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 9,700 shares, a decline of 78.1% from the October 31st total of 44,300 shares. Based on an average trading volume of 105,100 shares, the short-interest ratio is presently 0.1 days.

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

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 stake in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the second quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of GraniteShares 2x Long AAPL Daily ETF stock opened at $30.05 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $15.91 and a 52-week high of $31.90. The stock’s 50-day simple moving average is $28.73 and its 200 day simple moving average is $27.03.

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.