Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 435,300 shares, a growth of 26.0% from the January 31st total of 345,400 shares. Based on an average daily volume of 1,101,000 shares, the days-to-cover ratio is presently 0.4 days.
Direxion Daily AAPL Bull 2X Shares Price Performance
AAPU traded up $0.99 during trading hours on Friday, reaching $33.28. 456,462 shares of the stock traded hands, compared to its average volume of 1,449,864. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $20.48 and a fifty-two week high of $43.10. The company has a market cap of $157.08 million, a price-to-earnings ratio of 39.09 and a beta of -1.95. The firm's fifty day simple moving average is $33.40 and its two-hundred day simple moving average is $35.73.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2953 per share. The ex-dividend date was Monday, December 23rd.
Institutional Trading of Direxion Daily AAPL Bull 2X Shares
A number of hedge funds and other institutional investors have recently modified their holdings of AAPU. PayPay Securities Corp acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth approximately $125,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth $152,000. JPMorgan Chase & Co. raised its holdings in Direxion Daily AAPL Bull 2X Shares by 70.3% in the fourth quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock valued at $380,000 after acquiring an additional 4,166 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its holdings in Direxion Daily AAPL Bull 2X Shares by 9.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company's stock valued at $2,263,000 after acquiring an additional 5,183 shares in the last quarter.
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.
Further Reading
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