Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Rises By 85.0%

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AAPU. Raymond James Financial Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $50,000. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at about $141,000. Parallel Advisors LLC boosted its holdings in 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 valued at $164,000 after purchasing an additional 2,630 shares during the last quarter. Safeguard Investment Advisory Group LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $219,000. Finally, Group One Trading LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at approximately $189,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

NASDAQ AAPU opened at $38.08 on Tuesday. The stock’s fifty day moving average is $39.73 and its two-hundred day moving average is $35.14. The firm has a market capitalization of $145.85 million, a P/E ratio of 25.83 and a beta of 1.75. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $25.60 and a fifty-two week high of $48.89.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The business 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 2.3%. The ex-dividend date was Tuesday, June 23rd.

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.