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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPUGet Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 937,133 shares, a growth of 101.3% from the July 30th total of 465,572 shares. Based on an average trading volume of 2,285,952 shares, the short-interest ratio is presently 0.4 days. Approximately 24.5% of the shares of the stock are short sold.

Direxion Daily AAPL Bull 2X Shares Stock Performance

AAPU traded up $1.29 during trading on Friday, reaching $41.39. The stock had a trading volume of 1,706,197 shares, compared to its average volume of 2,160,157. The stock has a market cap of $158.52 million, a PE ratio of 25.83 and a beta of 1.75. Direxion Daily AAPL Bull 2X Shares has a one year low of $25.89 and a one year high of $48.89. The business has a 50-day moving average of $40.23 and a 200-day moving average of $35.60.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.218 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.87 annualized dividend and a dividend yield of 2.1%.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings 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 worth $4,428,000 after buying an additional 138,158 shares during the period. Tower Research Capital LLC TRC bought a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at approximately $693,000. HighTower Advisors LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter valued at approximately $917,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $810,000. Finally, Group One Trading LLC grew its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 104.0% in the fourth quarter. Group One Trading LLC now owns 30,566 shares of the company’s stock worth $1,026,000 after purchasing an additional 15,581 shares during the last quarter.

About Direxion Daily AAPL Bull 2X Shares

(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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