Key stats
About GraniteShares 2x Long AAPL Daily ETF
Expense ratio
1.15%
Home page
Inception date
Aug 9, 2022
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 will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual 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 the 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 January 22, 2024, the fund was named GraniteShares 1.75x Long AAPL Daily ETF, seeking to provide a 1.75x leverage exposure.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%