Client First Investment Management LLC Invests $1.99 Million in Direxion Daily AAPL Bull 2X Shares $AAPU

Client First Investment Management LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 61,567 shares of the company’s stock, valued at approximately $1,990,000. Direxion Daily AAPL Bull 2X Shares accounts for 1.0% of Client First Investment Management LLC’s holdings, making the stock its 15th biggest holding. Client First Investment Management LLC owned approximately 0.88% of Direxion Daily AAPL Bull 2X Shares at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC grew its position in Direxion Daily AAPL Bull 2X Shares by 703.1% in 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 in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $693,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $621,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter valued at approximately $501,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of 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 purchasing an additional 5,154 shares during the period.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of AAPU stock opened at $33.77 on Wednesday. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $15.89 and a fifty-two week high of $40.72. The company has a 50 day moving average price of $35.69 and a 200 day moving average price of $29.35. The stock has a market capitalization of $206.00 million, a P/E ratio of 25.83 and a beta of 1.67.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a $2.1724 dividend. This represents a $8.69 annualized dividend and a dividend yield of 25.7%. This is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, December 10th.

Direxion Daily AAPL Bull 2X Shares 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.