Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Sees Large Increase in Short Interest

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 303,200 shares, an increase of 15.4% from the October 15th total of 262,800 shares. Based on an average daily volume of 624,000 shares, the short-interest ratio is currently 0.5 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth $152,000. World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at $241,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $1,976,000.

Direxion Daily AAPL Bull 2X Shares Stock Down 2.8 %

Shares of AAPU opened at $34.92 on Monday. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $20.48 and a fifty-two week high of $40.93. The company’s fifty day moving average is $36.02 and its two-hundred day moving average is $33.83. The firm has a market cap of $97.08 million, a PE ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.2818 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.13 dividend on an annualized basis and a yield of 3.23%. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

Direxion Daily AAPL Bull 2X Shares Company Profile

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.