Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Grows By 101.3%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 937,133 shares, an increase 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 currently 0.4 days. Currently, 24.5% of the company’s shares are short sold.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU stock opened at $41.39 on Monday. The stock has a market capitalization of $158.52 million, a PE ratio of 25.83 and a beta of 1.75. The firm has a 50 day moving average of $40.23 and a two-hundred day moving average of $35.61. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $25.89 and a 52 week high of $48.89.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.218 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth $50,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter valued at about $141,000. Parallel Advisors LLC boosted its holdings in Direxion Daily AAPL Bull 2X Shares by 107.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,080 shares of the company’s stock valued at $164,000 after purchasing an additional 2,630 shares in the last quarter. Safeguard Investment Advisory Group LLC acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at approximately $237,000. Finally, Group One Trading LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $189,000.

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.