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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 696,905 shares, a decline of 41.6% from the April 30th total of 1,192,755 shares. Approximately 11.6% of the shares of the company are short sold. Based on an average daily volume of 2,984,847 shares, the days-to-cover ratio is currently 0.2 days.

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

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth $50,000. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth $141,000. Parallel Advisors LLC increased 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 worth $164,000 after acquiring an additional 2,630 shares in the last quarter. Safeguard Investment Advisory Group LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $219,000. Finally, Group One Trading LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth $189,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ:AAPU opened at $40.07 on Tuesday. The firm has a market cap of $241.62 million, a price-to-earnings ratio of 25.83 and a beta of 1.62. The company has a 50 day moving average price of $33.19 and a 200-day moving average price of $32.90. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $20.00 and a 1-year high of $42.40.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.1727 per share. This represents a $0.69 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.