Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Sees Significant Drop in Short Interest

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 191,868 shares, a decline of 72.5% from the May 14th total of 696,905 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 1,551,862 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily AAPL Bull 2X Shares Trading Up 1.3%

Direxion Daily AAPL Bull 2X Shares stock traded up $0.48 during mid-day trading on Thursday, reaching $36.58. The company had a trading volume of 247,194 shares, compared to its average volume of 2,335,693. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $20.00 and a fifty-two week high of $42.86. The company has a market cap of $220.58 million, a P/E ratio of 25.83 and a beta of 1.73. The business has a fifty day simple moving average of $34.82 and a 200 day simple moving average of $33.06.

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Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1727 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AAPU. HighTower Advisors LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at approximately $917,000. Optiver Holding B.V. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $303,000. StoneX Group Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth about $319,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at about $810,000. Finally, Jane Street Group LLC increased its stake in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% in the first quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock valued at $4,428,000 after buying an additional 138,158 shares during the period.

Direxion Daily AAPL Bull 2X Shares Company Profile

(Get Free Report)

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.

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