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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 384,300 shares, an increase of 14.0% from the November 15th total of 337,200 shares. Based on an average daily trading volume, of 543,100 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several hedge funds have recently made changes to their positions in AAPU. World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $241,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth $152,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $1,976,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $1,799,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

AAPU stock opened at $37.49 on Friday. The company has a fifty day moving average price of $37.17 and a 200 day moving average price of $35.45. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $20.48 and a 12 month high of $43.10. The company has a market cap of $104.22 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be paid a dividend of $4.6304 per share. The ex-dividend date is Thursday, December 12th.

About Direxion Daily AAPL Bull 2X Shares

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.