IMC Chicago LLC Invests $2.34 Million in Direxion Daily AAPL Bull 2X Shares $AAPU

IMC Chicago LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) during the third quarter, HoldingsChannel.com reports. The firm purchased 72,274 shares of the company’s stock, valued at approximately $2,336,000.

A number of other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new stake in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth approximately $71,000. Client First Investment Management LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth about $1,990,000. Tower Research Capital LLC TRC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth about $693,000. Group One Trading LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at about $189,000. Finally, Raymond James Financial Inc. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter worth about $50,000.

Direxion Daily AAPL Bull 2X Shares Trading Up 1.5%

Shares of AAPU stock opened at $34.59 on Friday. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $15.89 and a 1 year high of $40.70. The firm’s 50 day moving average is $33.03 and its 200-day moving average is $31.40. The firm has a market capitalization of $294.71 million, a price-to-earnings ratio of 25.83 and a beta of 1.67.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $2.1724 dividend. This represents a $8.69 dividend on an annualized basis and a yield of 25.1%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22.

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.