Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,940,000 shares, a growth of 190.7% from the May 15th total of 667,400 shares. Approximately 55.4% of the shares of the stock are short sold. Based on an average daily volume of 2,218,400 shares, the days-to-cover ratio is currently 0.9 days.
Direxion Daily AAPL Bull 2X Shares Trading Down 2.8%
AAPU traded down $0.58 during trading on Friday, hitting $20.32. The company's stock had a trading volume of 3,703,581 shares, compared to its average volume of 1,276,598. The firm has a market capitalization of $71.12 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a twelve month low of $15.89 and a twelve month high of $43.10. The business's fifty day simple moving average is $21.72 and its 200 day simple moving average is $29.37.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.243 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.78%.
Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares
A number of institutional investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth approximately $125,000. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 70.3% during the fourth quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock valued at $380,000 after acquiring an additional 4,166 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 63,600 shares of the company's stock valued at $2,394,000 after acquiring an additional 27,300 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 9.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company's stock valued at $2,263,000 after acquiring an additional 5,183 shares in the last quarter.
About Direxion Daily AAPL Bull 2X Shares
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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.
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