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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 149,100 shares, a drop of 47.7% from the December 15th total of 285,300 shares. Based on an average trading volume of 482,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $152,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth approximately $1,976,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $1,799,000.

Direxion Daily AAPL Bull 2X Shares Trading Down 1.0 %

Shares of NASDAQ:AAPU opened at $32.51 on Wednesday. The company has a market capitalization of $82.90 million, a PE ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $20.48 and a 12-month high of $43.10. The business’s fifty day simple moving average is $37.39 and its 200-day simple moving average is $36.54.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2953 dividend. The ex-dividend date of this dividend was Monday, December 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.