Shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $36.90 and traded as high as $41.91. Direxion Daily AAPL Bull 2X Shares shares last traded at $41.75, with a volume of 527,827 shares.
Direxion Daily AAPL Bull 2X Shares Stock Performance
The stock's 50-day moving average is $36.90 and its two-hundred day moving average is $35.29. The stock has a market cap of $116.90 million, a PE ratio of 23.89 and a beta of -1.95.
Direxion Daily AAPL Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.2818 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily AAPL Bull 2X Shares's previous quarterly dividend of $0.20. This represents a $1.13 dividend on an annualized basis and a dividend yield of 2.68%.
Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares
Hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $1,976,000. World Equity Group Inc. acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $241,000. Hollencrest Capital Management purchased a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $152,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth $1,799,000.
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.
Further Reading
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