GraniteShares 2x Long AAPL Daily ETF (AAPB)
GraniteShares 2x Long AAPL Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $36.22, down 1.83% on the session, giving a market capitalisation of $15.9M. Its beta of 1.85 implies it has historically moved more than the broad market.
This exchange-traded fund (ETF) is designed to deliver daily investment results, before any fees or expenses, that correspond to two hundred percent (200%) of the daily percentage fluctuation of Apple Inc.'s common stock (NASDAQ: AAPL). It is important to note, however, that the fund's ability to consistently achieve this stated objective is not guaranteed. Furthermore, investors should not anticipate that the fund will replicate two times the cumulative return of AAPL over investment horizons longer than a single trading day.
GraniteShares 2x Long AAPL Daily ETF is most often compared with the following Financial Services names: