Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Declares Quarterly Dividend of $0.22

Key Points

• Direxion Daily AAPL Bull 2X Shares declared a quarterly dividend of $0.22, marking a significant 162.4% increase from the previous dividend of $0.08.
• The stock's ex-dividend date is set for September 23rd, with payments scheduled for September 30th, targeting stockholders of record.
• As of the latest trading session, the stock is valued at $32.39, having experienced a volume of over 3 million shares traded.

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) announced a quarterly dividend on Monday, September 22nd. Stockholders of record on Tuesday, September 23rd will be paid a dividend of 0.2211 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 23rd. This is a 162.4% increase from Direxion Daily AAPL Bull 2X Shares's previous quarterly dividend of $0.08.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ AAPU traded down $0.65 during trading hours on Tuesday, reaching $32.39. The company's stock had a trading volume of 3,165,978 shares, compared to its average volume of 2,932,928. The firm has a fifty day simple moving average of $26.03 and a 200-day simple moving average of $23.96. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $15.89 and a 52 week high of $43.10. The stock has a market cap of $397.43 million, a P/E ratio of 25.83 and a beta of -1.95.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several institutional investors have recently modified their holdings of the business. Dagco Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 1st quarter worth about $25,000. PayPay Securities Corp lifted its stake in Direxion Daily AAPL Bull 2X Shares by 168.5% in the second quarter. PayPay Securities Corp now owns 1,313 shares of the company's stock valued at $29,000 after buying an additional 824 shares during the period. Raymond James Financial Inc. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $50,000. Parallel Advisors LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $54,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Direxion Daily AAPL Bull 2X Shares by 17.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company's stock worth $110,000 after buying an additional 591 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.