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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,139,010 shares, a decline of 16.3% from the January 15th total of 1,360,233 shares. Based on an average daily volume of 3,677,601 shares, the short-interest ratio is presently 0.3 days. Approximately 13.4% of the company’s shares are sold short. Approximately 13.4% of the company’s shares are sold short. Based on an average daily volume of 3,677,601 shares, the short-interest ratio is presently 0.3 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 AAPU. Jane Street Group LLC boosted its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% during the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock worth $4,428,000 after buying an additional 138,158 shares during the period. Simplex Trading LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter valued at approximately $621,000. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily AAPL Bull 2X Shares by 132.1% in the second quarter. SBI Securities Co. Ltd. now owns 9,057 shares of the company’s stock valued at $199,000 after purchasing an additional 5,154 shares during the last quarter. Vestor Capital LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth approximately $501,000. Finally, Raymond James Financial Inc. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth approximately $50,000.

Direxion Daily AAPL Bull 2X Shares Stock Down 4.6%

Direxion Daily AAPL Bull 2X Shares stock opened at $29.17 on Tuesday. The company has a 50 day moving average of $32.18 and a 200-day moving average of $31.87. Direxion Daily AAPL Bull 2X Shares has a twelve month low of $15.89 and a twelve month high of $40.70. The stock has a market capitalization of $248.53 million, a PE ratio of 25.83 and a beta of 1.67.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $2.1724 dividend. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22. This represents a $8.69 dividend on an annualized basis and a dividend yield of 29.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

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.