Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Sees Significant Increase in Short Interest

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 262,800 shares, an increase of 38.2% from the September 30th total of 190,100 shares. Based on an average daily trading volume, of 699,300 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ AAPU opened at $37.13 on Monday. The company has a fifty day moving average of $36.32 and a two-hundred day moving average of $32.41. The company has a market capitalization of $102.11 million, a PE ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $20.48 and a 1 year high of $40.93.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a $0.2818 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost 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 dividend yield of 3.04%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily AAPL Bull 2X Shares stock. World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,390 shares of the company’s stock, valued at approximately $241,000. World Equity Group Inc. owned 0.17% of Direxion Daily AAPL Bull 2X Shares at the end of the most recent quarter.

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.