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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 398,200 shares, a decline of 27.4% from the August 15th total of 548,400 shares. Based on an average trading volume of 1,097,400 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of large investors have recently modified their holdings of AAPU. World Equity Group Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $241,000. IMC Chicago LLC lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 95.4% during the fourth quarter. IMC Chicago LLC now owns 29,240 shares of the company’s stock worth $801,000 after purchasing an additional 14,277 shares in the last quarter. Finally, TRUE Private Wealth Advisors boosted its stake in shares of Direxion Daily AAPL Bull 2X Shares by 7.4% in the first quarter. TRUE Private Wealth Advisors now owns 56,789 shares of the company’s stock valued at $1,278,000 after purchasing an additional 3,908 shares during the period.

Direxion Daily AAPL Bull 2X Shares Trading Down 5.5 %

Shares of Direxion Daily AAPL Bull 2X Shares stock opened at $33.26 on Tuesday. Direxion Daily AAPL Bull 2X Shares has a twelve month low of $20.48 and a twelve month high of $40.93. The stock has a market cap of $133.04 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. The company has a fifty day moving average price of $35.79 and a 200 day moving average price of $29.63.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were given a $0.1978 dividend. This represents a $0.79 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Tuesday, June 25th.

Direxion Daily AAPL Bull 2X Shares Company Profile

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.