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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a significant decline in short interest in 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 daily volume of 105,100 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long AAPL Daily ETF Stock Down 0.1 %

Shares of AAPB traded down $0.03 during trading hours on Wednesday, reaching $30.05. 57,792 shares of the stock traded hands, compared to its average volume of 147,891. GraniteShares 2x Long AAPL Daily ETF has a 52-week low of $15.91 and a 52-week high of $31.90. The company’s 50-day moving average price is $28.71 and its two-hundred day moving average price is $27.01.

Institutional Inflows and Outflows

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 position in GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned approximately 2.32% of GraniteShares 2x Long AAPL Daily ETF as of its most recent SEC filing.

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.