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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 149,100 shares, a drop 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 currently 0.3 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

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

Direxion Daily AAPL Bull 2X Shares Trading Down 1.4 %

Shares of NASDAQ:AAPU opened at $33.39 on Friday. The stock has a fifty day simple moving average of $36.51 and a two-hundred day simple moving average of $36.09. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $20.48 and a 12-month high of $43.10. The stock has a market capitalization of $163.61 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.2953 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.