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

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 9,700 shares, a drop 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 presently 0.1 days.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Garden State Investment Advisory Services LLC bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) during the second quarter, according to its most recent filing with the SEC. The fund bought 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned 2.32% of GraniteShares 2x Long AAPL Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AAPL Daily ETF Stock Performance

Shares of NASDAQ:AAPB opened at $30.05 on Friday. The stock’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $27.03. GraniteShares 2x Long AAPL Daily ETF has a 1-year low of $15.91 and a 1-year high of $31.90.

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.