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Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Direxion Daily AAPL Bull 2X Shares logo with background

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.31 and traded as high as $37.43. Direxion Daily AAPL Bull 2X Shares shares last traded at $37.29, with a volume of 469,979 shares changing hands.

Direxion Daily AAPL Bull 2X Shares Stock Up 1.8 %

The company has a market capitalization of $105.56 million, a PE ratio of 23.89 and a beta of -1.95. The firm's 50 day simple moving average is $36.30 and its 200 day simple moving average is $34.48.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a $0.2818 dividend. This is a positive change 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 yield of 2.97%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

Large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $1,799,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at about $1,976,000. Hollencrest Capital Management bought a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $152,000. Finally, World Equity Group Inc. purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth approximately $241,000.

Direxion Daily AAPL Bull 2X Shares Company Profile

(Get Free Report)

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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