Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Trading Down 0.7% – Time to Sell?

Shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) fell 0.7% on Wednesday . The stock traded as low as $29.85 and last traded at $30.63. 1,821,643 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 2,050,467 shares. The stock had previously closed at $30.84.

Direxion Daily AAPL Bull 2X Shares Price Performance

The company has a 50 day moving average price of $35.08 and a 200 day moving average price of $30.58. The firm has a market cap of $166.93 million, a PE ratio of 25.83 and a beta of 1.67.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a dividend of $2.1724 per share. This represents a $8.69 dividend on an annualized basis and a yield of 28.4%. The ex-dividend date was Wednesday, December 10th. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $810,000. Safeguard Investment Advisory Group LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $219,000. Parallel Advisors LLC increased its position in Direxion Daily AAPL Bull 2X Shares by 107.3% during the 3rd quarter. Parallel Advisors LLC now owns 5,080 shares of the company’s stock worth $164,000 after purchasing an additional 2,630 shares during the period. Group One Trading LLC raised its stake in shares of Direxion Daily AAPL Bull 2X Shares by 73.5% during the 3rd quarter. Group One Trading LLC now owns 14,985 shares of the company’s stock worth $484,000 after buying an additional 6,348 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth approximately $303,000.

About Direxion Daily AAPL Bull 2X Shares

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.