Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Rises By 15.4%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 303,200 shares, an increase of 15.4% from the October 15th total of 262,800 shares. Based on an average trading volume of 624,000 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily AAPL Bull 2X Shares Trading Down 2.8 %

NASDAQ AAPU traded down $1.02 on Friday, reaching $34.92. 249,465 shares of the stock were exchanged, compared to its average volume of 616,373. Direxion Daily AAPL Bull 2X Shares has a one year low of $20.48 and a one year high of $40.93. The firm has a market capitalization of $97.08 million, a PE ratio of 23.89 and a beta of -1.95. The company's 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $33.74.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.2818 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a positive change from Direxion Daily AAPL Bull 2X Shares's previous quarterly dividend of $0.20.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

A number of hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $1,976,000. Hollencrest Capital Management bought a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $152,000. Finally, World Equity Group Inc. purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter valued at approximately $241,000.

Direxion Daily AAPL Bull 2X Shares Company Profile

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.