AAPB Stock Summary and Trading Ideas (Graniteshares 1.75X Long Aapl Daily ETF | NASDAQ:AAPB)

The Fund seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Apple, (NASDAQ: AAPL). Apple is an American multinational company based in California that creates and markets electronic products, computers and software. The company's flagship products include the iPhone, the iPad, and the Macbook computer. Apple stores are present in 25 countries, and their website delivers to more than 39 countries.

Graniteshares 1.75X Long Aapl Daily ETF trades on the NASDAQ stock market under the symbol AAPB.

As of April 23, 2024, AAPB stock price declined to $16.22 with 15,549 million shares trading.

AAPB has a beta of 2.02, meaning it tends to be more sensitive to market movements. AAPB has a correlation of 0.38 to the broad based SPY ETF.

AAPB has a market cap of $12.98 million. This is considered a Sub-Micro Cap stock.

AAPB has underperformed the market in the last year with a price return of -8.9% while the SPY ETF gained +23.7%. AAPB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.8% and -4.0%, respectively, while the SPY returned +4.4% and -3.0%, respectively.

AAPB support price is $15.88 and resistance is $16.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAPB stock will trade within this expected range on the day.