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

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAPU. Jane Street Group LLC grew its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% during the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock worth $4,428,000 after purchasing an additional 138,158 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at about $693,000. Group One Trading LLC raised its stake in Direxion Daily AAPL Bull 2X Shares by 104.0% in the fourth quarter. Group One Trading LLC now owns 30,566 shares of the company’s stock valued at $1,026,000 after purchasing an additional 15,581 shares in the last quarter. HighTower Advisors LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth about $917,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $810,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of AAPU opened at $38.16 on Monday. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $25.60 and a 12 month high of $48.89. The firm’s 50 day moving average is $39.74 and its 200-day moving average is $35.09. The stock has a market capitalization of $146.15 million, a PE ratio of 25.83 and a beta of 1.75.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid 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.

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.