Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Stock Price Up 1% – What’s Next?

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU)’s stock price shot up 1% during trading on Wednesday . The company traded as high as $39.66 and last traded at $39.47. 3,176,133 shares were traded during trading, an increase of 42% from the average daily volume of 2,244,088 shares. The stock had previously closed at $39.07.

Direxion Daily AAPL Bull 2X Shares Trading Up 1.0%

The firm has a fifty day moving average of $40.06 and a 200 day moving average of $34.59. The company has a market capitalization of $151.17 million, a P/E ratio of 25.83 and a beta of 1.75.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter worth approximately $141,000. StoneX Group Inc. purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter valued at about $319,000. Group One Trading LLC lifted 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 worth $1,026,000 after purchasing an additional 15,581 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth $917,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth about $810,000.

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.