Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Down 47.7% in January

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 149,100 shares, a decrease of 47.7% from the December 31st total of 285,300 shares. Based on an average daily volume of 482,400 shares, the short-interest ratio is presently 0.3 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the third quarter worth $1,976,000. Virtu Financial LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $1,799,000. Client First Investment Management LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at about $363,000. Hollencrest Capital Management purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at about $152,000. Finally, PayPay Securities Corp bought a new position in Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth about $31,000.

Direxion Daily AAPL Bull 2X Shares Trading Down 1.6 %

Shares of AAPU traded down $0.53 on Friday, reaching $32.86. 3,695,886 shares of the company's stock traded hands, compared to its average volume of 1,991,101. The stock's 50 day simple moving average is $36.39 and its two-hundred day simple moving average is $36.00. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $20.48 and a 52-week high of $43.10. The stock has a market cap of $161.01 million, a PE ratio of 23.89 and a beta of -1.95.

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 of this dividend was Monday, December 23rd.

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.