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AAPU

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--%
1d
1w
1m

Analysis and statistics

  • Open
    26.2359$
  • Previous Close
    26.7252$
  • 52 Week Change
    --
  • Day Range
    -0.49$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

AAPU.US refers to the GraniteShares 1.75x Long Apple Daily ETF. This ETF seeks to deliver 1.75 times the daily performance of Apple (AAPL) stock. It uses leverage to amplify the returns, both positive and negative, of the underlying asset on a daily basis. This means that the fund is designed for short-term trading and is not suitable for long-term holding due to the effects of compounding and potential volatility.
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Factors

Gold price: AAPU tracks physical gold, so its price heavily depends on spot gold prices. USD/CAD exchange rate: AAPU is CAD-denominated, so changes in the USD/CAD exchange rate affect its price for USD-based investors. Management fees: The ETF's expense ratio slightly reduces its returns relative to the underlying gold price. Supply and demand: Like any ETF, AAPU's price is also influenced by the balance of buyers and sellers in the market. Global economic conditions: Economic uncertainty often increases demand for gold as a safe haven asset.

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