GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Trading 5.6% Higher – What’s Next?

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB)’s stock price shot up 5.6% during mid-day trading on Tuesday . The company traded as high as $34.06 and last traded at $34.00. Approximately 39,530 shares were traded during mid-day trading, a decline of 70% from the average session volume of 133,303 shares. The stock had previously closed at $32.20.

GraniteShares 2x Long AAPL Daily ETF Trading Up 5.6%

The company has a 50 day moving average price of $35.54 and a 200 day moving average price of $31.71.

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

A hedge fund recently raised its stake in GraniteShares 2x Long AAPL Daily ETF stock. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) by 433.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,533 shares of the company’s stock after buying an additional 15,872 shares during the quarter. Optiver Holding B.V. owned 3.69% of GraniteShares 2x Long AAPL Daily ETF worth $527,000 as of its most recent filing with the SEC.

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.