Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 80.4% in July

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 937,200 shares, agrowthof80.4% from the July 15th total of 519,600 shares. Currently,7.6% of the company’s shares are short sold. Based on an average daily trading volume, of 4,528,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 4,528,000 shares, the short-interest ratio is presently 0.2 days. Currently,7.6% of the company’s shares are short sold.

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

Large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in Direxion Daily AAPL Bull 2X Shares by 703.1% during the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock valued at $4,428,000 after acquiring an additional 138,158 shares during the period. Optiver Holding B.V. boosted its holdings in Direxion Daily AAPL Bull 2X Shares by 1,336.0% during the 4th quarter. Optiver Holding B.V. now owns 64,060 shares of the company’s stock valued at $2,411,000 after acquiring an additional 59,599 shares during the period. Tower Research Capital LLC TRC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter valued at about $693,000. Simplex Trading LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter valued at about $621,000. Finally, Renaissance Technologies LLC boosted its holdings in Direxion Daily AAPL Bull 2X Shares by 75.2% during the 4th quarter. Renaissance Technologies LLC now owns 63,600 shares of the company’s stock valued at $2,394,000 after acquiring an additional 27,300 shares during the period.

Direxion Daily AAPL Bull 2X Shares Stock Performance

NASDAQ AAPU opened at $27.45 on Monday. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $15.89 and a fifty-two week high of $43.10. The stock’s fifty day moving average is $22.86 and its two-hundred day moving average is $24.95. The firm has a market capitalization of $336.81 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, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.0843 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 24th.

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.