Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Increases By 49.6%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,360,233 shares, a growth of 49.6% from the December 31st total of 909,223 shares. Based on an average daily trading volume, of 1,948,594 shares, the days-to-cover ratio is presently 0.7 days. Currently, 20.8% of the shares of the stock are sold short. Currently, 20.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,948,594 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily AAPL Bull 2X Shares Stock Up 0.4%

Shares of NASDAQ:AAPU opened at $30.15 on Friday. The firm has a market cap of $204.42 million, a P/E ratio of 25.83 and a beta of 1.67. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $15.89 and a 12 month high of $40.70. The company’s 50-day moving average price is $33.43 and its two-hundred day moving average price is $31.09.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a $2.1724 dividend. This is an increase 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 dividend yield of 28.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AAPU. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily AAPL Bull 2X Shares by 4.1% during the third quarter. SBI Securities Co. Ltd. now owns 9,427 shares of the company’s stock worth $305,000 after acquiring an additional 370 shares during the last quarter. PayPay Securities Corp increased its position in Direxion Daily AAPL Bull 2X Shares by 168.5% in the second quarter. PayPay Securities Corp now owns 1,313 shares of the company’s stock worth $29,000 after purchasing an additional 824 shares during the period. Spire Wealth Management acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the third quarter worth about $71,000. Raymond James Financial Inc. bought a new stake in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth about $50,000. Finally, Parallel Advisors LLC lifted 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 valued at $164,000 after purchasing an additional 2,630 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.