Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 285,300 shares, a decline of 25.8% from the November 30th total of 384,300 shares. Based on an average daily volume of 500,100 shares, the days-to-cover ratio is currently 0.6 days.
Direxion Daily AAPL Bull 2X Shares Trading Down 2.8 %
Shares of NASDAQ AAPU traded down $1.13 during trading hours on Friday, hitting $39.30. 365,390 shares of the company traded hands, compared to its average volume of 595,006. The stock has a market capitalization of $109.25 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. The company's 50 day moving average price is $37.67 and its 200 day moving average price is $36.33. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $20.48 and a 12 month high of $43.10.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a $0.2953 dividend. The ex-dividend date of this dividend is Monday, December 23rd.
Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares
Institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $152,000. Virtu Financial LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $1,799,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth approximately $1,976,000.
Direxion Daily AAPL Bull 2X Shares Company Profile
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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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