Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 303,200 shares, an increase of 15.4% from the October 15th total of 262,800 shares. Based on an average trading volume of 624,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at $1,976,000. World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at about $241,000. Finally, Hollencrest Capital Management bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at about $152,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of NASDAQ:AAPU opened at $34.92 on Friday. The company’s fifty day moving average is $36.02 and its two-hundred day moving average is $33.66. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $20.48 and a 1-year high of $40.93. The stock has a market capitalization of $97.08 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.2818 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

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.