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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 191,868 shares, a decrease of 72.5% from the May 14th total of 696,905 shares. Based on an average daily volume of 1,551,862 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.2% of the shares of the company are sold short.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ AAPU traded up $0.48 on Thursday, reaching $36.58. The stock had a trading volume of 247,194 shares, compared to its average volume of 2,335,693. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $20.00 and a 1-year high of $42.86. The company has a market cap of $220.58 million, a P/E ratio of 25.83 and a beta of 1.73. The firm has a fifty day moving average of $34.82 and a two-hundred day moving average of $33.06.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.1727 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several large investors have recently modified their holdings of AAPU. Raymond James Financial Inc. bought a new position in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at about $50,000. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth $141,000. Parallel Advisors LLC boosted its holdings in shares of 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. Group One Trading LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth $189,000. Finally, Safeguard Investment Advisory Group LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth $219,000.

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.