Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 506,900 shares, an increase of 98.3% from the March 31st total of 255,600 shares. Based on an average daily volume of 1,511,300 shares, the short-interest ratio is presently 0.3 days. Approximately 13.3% of the shares of the stock are short sold.
Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares
Several hedge funds have recently bought and sold shares of the stock. PayPay Securities Corp bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $125,000. Client First Investment Management LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $363,000. JPMorgan Chase & Co. grew its position in shares of Direxion Daily AAPL Bull 2X Shares by 70.3% in the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock worth $380,000 after buying an additional 4,166 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth about $740,000.
Direxion Daily AAPL Bull 2X Shares Price Performance
Shares of AAPU opened at $23.75 on Tuesday. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $15.89 and a 1-year high of $43.10. The company has a market capitalization of $87.88 million, a P/E ratio of 27.87 and a beta of -1.95. The firm's 50 day simple moving average is $26.46 and its 200 day simple moving average is $32.58.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.243 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.97 annualized dividend and a yield of 4.09%.
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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