Apple-Led AAPW ETF Volume Surges 19-Fold on China Hopes

Roundhill AAPL WeeklyPay ETF (AAPW) has seen unusual trading volume, which is 19× higher than its average daily volume.

The ETF is heavily concentrated in Apple Inc. (AAPL), its top holding at 13.1% of assets, and recent news has focused on Apple’s renewed strength in China. CEO Tim Cook is in the country for the company’s 50th anniversary celebrations as iPhone 17 sales surge, with Counterpoint Research reporting a 23% jump in iPhone sales over the first nine weeks of the year versus a 4% decline in the broader market, aided by lowered App Store commission fees and stable iPhone pricing that is helping Apple gain market share despite some margin pressure.