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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 33,400 shares, an increase of 23.7% from the January 31st total of 27,000 shares. Based on an average daily trading volume, of 162,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of GraniteShares 2x Long AAPL Daily ETF

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in GraniteShares 2x Long AAPL Daily ETF in the 4th quarter valued at approximately $41,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long AAPL Daily ETF in the 4th quarter valued at approximately $68,000. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long AAPL Daily ETF in the 4th quarter valued at approximately $812,000. Finally, Optiver Holding B.V. raised its position in GraniteShares 2x Long AAPL Daily ETF by 398.6% in the 4th quarter. Optiver Holding B.V. now owns 43,367 shares of the company’s stock valued at $1,465,000 after buying an additional 34,670 shares during the last quarter.

GraniteShares 2x Long AAPL Daily ETF Stock Down 0.4 %

Shares of GraniteShares 2x Long AAPL Daily ETF stock opened at $29.11 on Friday. The stock has a 50 day moving average price of $30.14 and a two-hundred day moving average price of $29.76. GraniteShares 2x Long AAPL Daily ETF has a 12-month low of $15.91 and a 12-month high of $36.47.

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.