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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant increase in short interest during the month of 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 short-interest ratio is currently 0.2 days. Currently, 4.2% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAPB. Jane Street Group LLC bought a new position in GraniteShares 2x Long AAPL Daily ETF in the 4th quarter valued at approximately $812,000. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long AAPL Daily ETF by 398.6% in 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. JPMorgan Chase & Co. acquired a new stake in GraniteShares 2x Long AAPL Daily ETF in the fourth quarter valued at $41,000. Finally, Hollencrest Capital Management acquired a new position in GraniteShares 2x Long AAPL Daily ETF during the 4th quarter worth about $68,000.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

AAPB opened at $24.63 on Monday. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $15.91 and a 1-year high of $36.48. The stock’s fifty day simple moving average is $28.12 and its 200 day simple moving average is $29.43.

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.