Short Interest in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Grows By 60.9%

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 62,103 shares, an increase of 60.9% from the February 26th total of 38,605 shares. Based on an average daily volume of 108,956 shares, the short-interest ratio is presently 0.6 days. Currently, 6.2% of the shares of the company are short sold.

Hedge Funds 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. Woodward Diversified Capital LLC bought a new stake in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,767 shares of the company’s stock, valued at approximately $217,000. Woodward Diversified Capital LLC owned 0.77% of GraniteShares 2x Long AAPL Daily ETF as of its most recent filing with the Securities and Exchange Commission.

GraniteShares 2x Long AAPL Daily ETF Stock Down 3.0%

Shares of AAPB opened at $26.12 on Friday. GraniteShares 2x Long AAPL Daily ETF has a 12 month low of $14.50 and a 12 month high of $37.89. The firm’s 50 day moving average is $28.87 and its 200-day moving average is $30.72.

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.