Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 15.4% in October

Posted by Logan Wallace on Nov 17th, 2024

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 303,200 shares, an increase of 15.4% from the October 15th total of 262,800 shares. Based on an average trading volume of 624,000 shares, the short-interest ratio is currently 0.5 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ:AAPU opened at $34.92 on Friday. The firm’s fifty day moving average price is $36.02 and its two-hundred day moving average price is $33.74. The company has a market cap of $97.08 million, a P/E ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a one year low of $20.48 and a one year high of $40.93.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.2818 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.13 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

Several hedge funds have recently bought and sold shares of AAPU. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter valued at approximately $152,000. World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $241,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at $1,976,000.

About Direxion Daily AAPL Bull 2X Shares

(Get Free Report)

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.