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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 138,900 shares, an increase of 258.0% from the March 31st total of 38,800 shares. Based on an average daily trading volume, of 234,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately 18.3% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long AAPL Daily ETF during the fourth quarter worth approximately $68,000. JPMorgan Chase & Co. bought a new stake in shares of GraniteShares 2x Long AAPL Daily ETF in the fourth quarter valued at approximately $41,000. Optiver Holding B.V. raised its position 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 valued at $1,465,000 after purchasing an additional 34,670 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in GraniteShares 2x Long AAPL Daily ETF during the fourth quarter valued at approximately $812,000.

GraniteShares 2x Long AAPL Daily ETF Price Performance

Shares of AAPB stock opened at $21.70 on Tuesday. The company’s fifty day simple moving average is $23.99 and its 200-day simple moving average is $28.11. GraniteShares 2x Long AAPL Daily ETF has a 12 month low of $14.50 and a 12 month high of $36.48.

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.