Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 696,905 shares, a decline of 41.6% from the April 30th total of 1,192,755 shares. Currently, 11.6% of the company’s stock are short sold. Based on an average daily volume of 2,984,847 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in AAPU. IMC Chicago LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter worth approximately $2,336,000. Group One Trading LLC grew its position in shares of Direxion Daily AAPL Bull 2X Shares by 104.0% during the fourth quarter. Group One Trading LLC now owns 30,566 shares of the company’s stock worth $1,026,000 after acquiring an additional 15,581 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at $917,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at $319,000. Finally, Jane Street Group LLC raised its position in Direxion Daily AAPL Bull 2X Shares by 703.1% in the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock valued at $4,428,000 after purchasing an additional 138,158 shares during the last quarter.

Direxion Daily AAPL Bull 2X Shares Stock Up 1.7%

Shares of AAPU opened at $41.81 on Thursday. The company has a market capitalization of $252.11 million, a price-to-earnings ratio of 25.83 and a beta of 1.62. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $20.00 and a 52-week high of $42.85. The stock has a 50 day moving average price of $33.72 and a 200 day moving average price of $32.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.1727 dividend. This represents a $0.69 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

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.