Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Declines By 16.3%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,139,010 shares, a decrease of 16.3% from the January 15th total of 1,360,233 shares. Approximately 13.4% of the shares of the stock are short sold. Based on an average trading volume of 3,677,601 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 3,677,601 shares, the short-interest ratio is presently 0.3 days. Approximately 13.4% of the shares of the stock are short sold.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of AAPU stock opened at $31.00 on Wednesday. The stock has a fifty day moving average price of $32.05 and a 200 day moving average price of $31.94. The stock has a market cap of $264.12 million, a PE ratio of 25.83 and a beta of 1.67. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $15.89 and a 1 year high of $40.70.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were paid a dividend of $2.1724 per share. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $8.69 annualized dividend and a dividend yield of 28.0%.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in AAPU. Vestor Capital LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth approximately $501,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $1,990,000. Simplex Trading LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $621,000. IMC Chicago LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $2,336,000. Finally, SBI Securities Co. Ltd. lifted its position in Direxion Daily AAPL Bull 2X Shares by 132.1% during the second quarter. SBI Securities Co. Ltd. now owns 9,057 shares of the company’s stock worth $199,000 after buying an additional 5,154 shares during the period.

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.