AAPB

GraniteShares ETF Trust GraniteShares 2x Long AAPL Daily ETF

$33.89

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The GraniteShares 2x Long AAPL Daily ETF (AAPB) seeks to provide 2x the daily return of the common stock of Apple Inc. (AAPL).

Overview

ETF tracking GraniteShares ETF Trust GraniteShares 2x Long AAPL Daily ETF

Category Leveraged

Issuer Other

Inception Date 2022-08-09

Market Cap $41.7M

Average Volume N/A

Dividend Yield N/A

52-Week Range $15.17 - $36.23

VWAP $33.90

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long AAPL Daily ETF (AAPB) seeks to provide 2x the daily return of the common stock of Apple Inc. (AAPL).

🎯 Investment Strategy

The ETF uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying AAPL stock. It does not seek to achieve its stated investment objective over periods longer than a single trading day.

✨ Key Features

Provides 2x the daily return of Apple Inc. stock
Utilizes derivatives and leverage to magnify performance
Resets exposure daily, not designed for long-term holding
Very small asset base and low trading volume

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage risk - magnifies both gains and losses
Compounding effect can lead to divergence from underlying asset over time
Low liquidity and trading volume increases spread and slippage costs

👤 Best For

This ETF is intended for experienced, risk-tolerant traders who understand the risks of leveraged and inverse products and seek to make short-term speculative bets on the daily price movements of Apple Inc. stock. It is not suitable for long-term buy-and-hold investors.