Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,139,010 shares, a decline of 16.3% from the January 15th total of 1,360,233 shares. Based on an average daily trading volume, of 3,677,601 shares, the days-to-cover ratio is currently 0.3 days. Approximately 13.4% of the company’s stock are short sold. Approximately 13.4% of the company’s stock are short sold. Based on an average daily trading volume, of 3,677,601 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of NASDAQ AAPU opened at $29.17 on Monday. The business has a 50-day moving average of $32.35 and a 200-day moving average of $31.82. The stock has a market capitalization of $248.53 million, a price-to-earnings ratio of 25.83 and a beta of 1.67. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $15.89 and a fifty-two week high of $40.70.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business 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 is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22. This represents a $8.69 dividend on an annualized basis and a yield of 29.8%. The ex-dividend date was Wednesday, December 10th.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily AAPL Bull 2X Shares by 4.1% in the third quarter. SBI Securities Co. Ltd. now owns 9,427 shares of the company’s stock valued at $305,000 after buying an additional 370 shares in the last quarter. Spire Wealth Management acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $71,000. Raymond James Financial Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $50,000. Parallel Advisors LLC grew its position in shares of Direxion Daily AAPL Bull 2X Shares by 107.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,080 shares of the company’s stock valued at $164,000 after acquiring an additional 2,630 shares during the period. Finally, Group One Trading LLC grew its holdings in Direxion Daily AAPL Bull 2X Shares by 73.5% during the third quarter. Group One Trading LLC now owns 14,985 shares of the company’s stock worth $484,000 after purchasing an additional 6,348 shares during the period.

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.