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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 937,133 shares, a growth of 101.3% from the July 30th total of 465,572 shares. Based on an average trading volume of 2,285,952 shares, the days-to-cover ratio is presently 0.4 days. Currently, 24.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its position in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% in the first 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. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at approximately $693,000. Group One Trading LLC raised its stake 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 valued at $1,026,000 after purchasing an additional 15,581 shares during the period. HighTower Advisors LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth $917,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $810,000.

Direxion Daily AAPL Bull 2X Shares Trading Up 3.2%

NASDAQ:AAPU traded up $1.29 on Friday, hitting $41.39. 1,706,197 shares of the stock were exchanged, compared to its average volume of 2,160,157. The stock has a fifty day moving average of $40.23 and a 200-day moving average of $35.60. The stock has a market cap of $158.52 million, a PE ratio of 25.83 and a beta of 1.75. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $25.89 and a fifty-two week high of $48.89.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, June 23rd.

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.