Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Expands By 49.6%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,360,233 shares, an increase of 49.6% from the December 31st total of 909,223 shares. Based on an average trading volume of 1,948,594 shares, the days-to-cover ratio is currently 0.7 days. Currently, 20.8% of the shares of the stock are sold short. Currently, 20.8% of the shares of the stock are sold short. Based on an average trading volume of 1,948,594 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter worth approximately $810,000. Safeguard Investment Advisory Group LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth approximately $219,000. 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 worth $164,000 after purchasing an additional 2,630 shares during the period. Group One Trading LLC increased its position in shares of Direxion Daily AAPL Bull 2X Shares by 73.5% during the 3rd quarter. Group One Trading LLC now owns 14,985 shares of the company’s stock valued at $484,000 after purchasing an additional 6,348 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at approximately $303,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of NASDAQ AAPU opened at $32.69 on Tuesday. The company has a market cap of $219.02 million, a P/E ratio of 25.83 and a beta of 1.67. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $15.89 and a 52-week high of $40.70. The firm’s fifty day moving average is $33.34 and its two-hundred day moving average is $31.22.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a $2.1724 dividend. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22. This represents a $8.69 dividend on an annualized basis and a dividend yield of 26.6%. The ex-dividend date was Wednesday, December 10th.

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.