Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Sees Large Growth in Short Interest

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,940,000 shares, a growth of 190.7% from the May 15th total of 667,400 shares. Approximately 55.4% of the shares of the company are short sold. Based on an average daily volume of 2,218,400 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily AAPL Bull 2X Shares Stock Up 0.2%

Shares of Direxion Daily AAPL Bull 2X Shares stock opened at $20.90 on Friday. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $15.89 and a 52 week high of $43.10. The company has a 50 day moving average price of $21.72 and a 200 day moving average price of $29.37. The firm has a market capitalization of $73.15 million, a P/E ratio of 25.83 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.243 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.97 annualized dividend and a yield of 4.65%.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its holdings in Direxion Daily AAPL Bull 2X Shares by 17.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company’s stock worth $110,000 after buying an additional 591 shares during the period. PayPay Securities Corp acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth approximately $31,000. Dagco Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 1st quarter worth approximately $25,000. JPMorgan Chase & Co. increased its holdings in Direxion Daily AAPL Bull 2X Shares by 70.3% in the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company’s stock worth $380,000 after buying an additional 4,166 shares during the period. Finally, TRUE Private Wealth Advisors increased its holdings in Direxion Daily AAPL Bull 2X Shares by 9.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company’s stock worth $2,263,000 after buying an additional 5,183 shares during the period.

Direxion Daily AAPL Bull 2X Shares Company Profile

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPU was launched on Aug 9, 2022 and is managed by Direxion.