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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 506,900 shares, a growth of 98.3% from the March 31st total of 255,600 shares. Approximately 13.3% of the shares of the stock are sold short. Based on an average daily volume of 1,511,300 shares, the short-interest ratio is presently 0.3 days.

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

Several hedge funds have recently made changes to their positions in AAPU. Optiver Holding B.V. increased its position in shares of Direxion Daily AAPL Bull 2X Shares by 1,336.0% in the fourth quarter. Optiver Holding B.V. now owns 64,060 shares of the company’s stock worth $2,411,000 after acquiring an additional 59,599 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth approximately $1,799,000. Renaissance Technologies LLC increased its position in shares of Direxion Daily AAPL Bull 2X Shares by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 63,600 shares of the company’s stock worth $2,394,000 after acquiring an additional 27,300 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter worth approximately $740,000. Finally, Client First Investment Management LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter worth approximately $363,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU opened at $24.30 on Thursday. The firm’s 50 day moving average is $26.01 and its 200-day moving average is $32.46. The stock has a market capitalization of $89.91 million, a P/E ratio of 27.87 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $15.89 and a 12-month high of $43.10.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.243 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.97 annualized dividend and a dividend yield of 4.00%.

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.