Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 149,100 shares, a decrease of 47.7% from the December 15th total of 285,300 shares. Based on an average daily volume of 482,400 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $152,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at about $1,799,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at about $1,976,000.
Direxion Daily AAPL Bull 2X Shares Stock Performance
AAPU traded down $0.32 during trading on Tuesday, reaching $32.51. 495,577 shares of the company traded hands, compared to its average volume of 641,599. The company has a market cap of $82.90 million, a P/E 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 firm has a fifty day simple moving average of $37.43 and a 200 day simple moving average of $36.54.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.2953 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
About Direxion Daily AAPL Bull 2X Shares
(
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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.
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