Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Drops By 72.5%

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

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in Direxion Daily AAPL Bull 2X Shares by 703.1% in the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock valued at $4,428,000 after buying an additional 138,158 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at about $693,000. Group One Trading LLC raised its holdings in Direxion Daily AAPL Bull 2X Shares by 104.0% in the 4th quarter. Group One Trading LLC now owns 30,566 shares of the company’s stock valued at $1,026,000 after buying an additional 15,581 shares during the period. HighTower Advisors LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at about $917,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at about $810,000.

Direxion Daily AAPL Bull 2X Shares Trading Down 3.0%

AAPU traded down $1.12 on Friday, hitting $35.96. The company had a trading volume of 1,329,729 shares, compared to its average volume of 2,343,639. The firm has a market cap of $216.84 million, a P/E ratio of 25.83 and a beta of 1.73. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $20.00 and a 1 year high of $42.86. The company’s fifty day moving average price is $35.15 and its 200 day moving average price is $33.08.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

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