Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Share Price Pass Above Two Hundred Day Moving Average – What’s Next?

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.31 and traded as high as $37.43. Direxion Daily AAPL Bull 2X Shares shares last traded at $37.29, with a volume of 469,979 shares changing hands.

Direxion Daily AAPL Bull 2X Shares Stock Up 2.7 %

The firm’s 50 day moving average price is $36.21 and its two-hundred day moving average price is $34.39. The firm has a market capitalization of $103.67 million, a PE 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. Shareholders of record on Tuesday, September 24th were given a $0.2818 dividend. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20. This represents a $1.13 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $152,000. World Equity Group Inc. acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at approximately $241,000. 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 acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth approximately $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.