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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 262,800 shares, a growth 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 presently 0.4 days.

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 second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Direxion Daily AAPL Bull 2X Shares Stock Up 0.7 %

Shares of AAPU stock opened at $37.13 on Friday. Direxion Daily AAPL Bull 2X Shares has a twelve month low of $20.48 and a twelve month high of $40.93. The stock’s fifty day simple moving average is $36.32 and its 200 day simple moving average is $32.41. The firm has a market capitalization of $102.11 million, a P/E ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.2818 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $1.13 annualized dividend and a dividend yield of 3.04%. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

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.