Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Expands By 22.5%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 948,900 shares, an increase of 22.5% from the August 15th total of 774,600 shares. Approximately 7.7% of the shares of the company are sold short. Based on an average trading volume of 4,573,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 4,573,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 7.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPU. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $693,000. Group One Trading LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $189,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $50,000. Vestor Capital LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at approximately $501,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Direxion Daily AAPL Bull 2X Shares by 132.1% in the second quarter. SBI Securities Co. Ltd. now owns 9,057 shares of the company’s stock valued at $199,000 after acquiring an additional 5,154 shares during the last quarter.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of Direxion Daily AAPL Bull 2X Shares stock opened at $30.39 on Friday. The firm has a 50-day moving average of $25.82 and a 200-day moving average of $24.08. The stock has a market cap of $372.89 million, a PE ratio of 25.83 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $15.89 and a 52-week high of $43.10.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a $0.0843 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.1%. 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.