Key stats
About GraniteShares 2x Long AAPL Daily ETF
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Inception date
Aug 9, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
AAPB is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Apple stock. Purchasers holding shares for longer than a day need to monitor and frequently rebalance their position to attempt to achieve the 2x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. Aside from the leverage, the shares take on added volatility due to lack of diversification. Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to Jan. 22, 2024, the fund provided 1.75x leveraged exposure to the price of the stock.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Cash
Stocks62.20%
Electronic Technology62.20%
Bonds, Cash & Other37.80%
Cash37.80%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AAPB assets under management is 37.34 M USD. It's risen 75.91% over the last month.
AAPB fund flows account for 10.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
AAPB shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Aug 9, 2022, and its management style is Active.
AAPB expense ratio is 1.15% meaning you'd have to pay 1.15% of your investment to help manage the fund.
AAPB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AAPB invests in stocks.
AAPB price has fallen by −15.42% over the last month, and its yearly performance shows a −29.90% decrease. See more dynamics on AAPB price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.68% over the last month, showed a −19.60% decrease in three-month performance and has decreased by −22.62% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.68% over the last month, showed a −19.60% decrease in three-month performance and has decreased by −22.62% in a year.
AAPB trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.