GraniteShares 2x Long AAPL Daily ETF

Frequently Asked Questions About AAPB

What does AAPB invest in?

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.

What is the expense ratio of AAPB?

GraniteShares 2x Long AAPL Daily ETF (AAPB) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

Is AAPB a good long-term hold?

AAPB is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does AAPB's daily reset work?

AAPB rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is AAPB?

GraniteShares 2x Long AAPL Daily ETF (AAPB) manages $20.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AAPB actively managed or an index fund?

AAPB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.