Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Shares Up 0.6% – What’s Next?

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU)’s stock price were up 0.6% during trading on Tuesday . The stock traded as high as $30.45 and last traded at $30.06. Approximately 1,628,519 shares were traded during trading, a decline of 36% from the average daily volume of 2,547,802 shares. The stock had previously closed at $29.88.

Direxion Daily AAPL Bull 2X Shares Price Performance

The business’s fifty day moving average price is $31.05 and its two-hundred day moving average price is $32.50. The stock has a market capitalization of $256.11 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 declared 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. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $8.69 dividend on an annualized basis and a yield of 28.9%. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $50,000. Spire Wealth Management acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth approximately $71,000. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth approximately $141,000. Parallel Advisors LLC raised 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 buying an additional 2,630 shares during the last quarter. Finally, Group One Trading LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $189,000.

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.