Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 85.0% in July

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 465,572 shares, an increase of 85.0% from the July 15th total of 251,718 shares. Approximately 12.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,089,875 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ AAPU opened at $38.16 on Friday. The stock has a market capitalization of $146.15 million, a price-to-earnings ratio of 25.83 and a beta of 1.75. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $25.60 and a 1-year high of $48.89. The business’s fifty day moving average price is $39.74 and its 200-day moving average price is $35.05.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Direxion Daily AAPL Bull 2X Shares in the second quarter worth about $50,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at about $141,000. Parallel Advisors LLC lifted its stake 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 worth $164,000 after purchasing an additional 2,630 shares during the period. Group One Trading LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth approximately $189,000. Finally, Safeguard Investment Advisory Group LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth approximately $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.