Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Down 25.8% in December

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 285,300 shares, a decline of 25.8% from the November 30th total of 384,300 shares. Based on an average daily trading volume, of 500,100 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU opened at $39.30 on Friday. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $20.48 and a 1-year high of $43.10. The firm has a market capitalization of $109.25 million, a PE ratio of 23.89 and a beta of -1.95. The company’s fifty day moving average price is $37.67 and its 200-day moving average price is $36.30.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.2953 per share. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAPU. Hollencrest Capital Management acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $152,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at approximately $1,799,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $1,976,000.

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.