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 target of a significant drop in short interest in 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 presently 0.3 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU stock opened at $33.56 on Wednesday. The stock has a market cap of $88.26 million, a P/E ratio of 23.89 and a beta of -1.95. The company has a fifty day moving average price of $36.60 and a two-hundred day moving average price of $36.15. Direxion Daily AAPL Bull 2X Shares has a one year low of $20.48 and a one year high of $43.10.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2953 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth about $152,000. Client First Investment Management LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth about $363,000. Virtu Financial LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $1,799,000. Finally, Flow Traders U.S. LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $1,976,000.

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.