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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 667,400 shares, an increase of 103.5% from the April 30th total of 328,000 shares. Based on an average daily trading volume, of 1,786,500 shares, the short-interest ratio is currently 0.4 days. Approximately 19.1% of the company’s shares are short sold.

Direxion Daily AAPL Bull 2X Shares Trading Down 1.0%

Shares of NASDAQ:AAPU opened at $20.95 on Friday. The firm has a market cap of $73.33 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $15.89 and a 12-month high of $43.10. The stock’s 50-day moving average price is $22.45 and its two-hundred day moving average price is $30.24.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.243 dividend. This represents a $0.97 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised 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 valued at $4,428,000 after buying an additional 138,158 shares during the period. Dagco Inc. acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily AAPL Bull 2X Shares by 17.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company’s stock valued at $110,000 after purchasing an additional 591 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Direxion Daily AAPL Bull 2X Shares by 1,336.0% during the 4th quarter. Optiver Holding B.V. now owns 64,060 shares of the company’s stock valued at $2,411,000 after acquiring an additional 59,599 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of Direxion Daily AAPL Bull 2X Shares by 9.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company’s stock valued at $2,263,000 after acquiring an additional 5,183 shares in the last quarter.

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.