Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Sees Significant Decrease in Short Interest

Key Points

• Short interest fell 13.2% in February to 893,357 shares (about 10.5% of shares sold short), reducing the days-to-cover ratio to roughly 0.6 days — a sign of diminished bearish positioning.
• The fund recently paid a much larger quarterly dividend of $2.1724 (annualized $8.69), implying a 30.8% yield, up sharply from the prior $0.22 quarterly distribution.
• AAPU is a Direxion-managed leveraged ETF that provides amplified exposure to Apple, with a market cap of about $240.2M and a 12‑month trading range of $15.89 to $40.70.

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - ) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 893,357 shares, a decline of 13.2% from the February 12th total of 1,028,786 shares. Currently, 10.5% of the company's shares are sold short. Based on an average daily trading volume, of 1,397,553 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 1,397,553 shares, the days-to-cover ratio is currently 0.6 days. Currently, 10.5% of the company's shares are sold short.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ AAPU opened at $28.19 on Tuesday. The company has a market cap of $240.18 million, a P/E ratio of 25.83 and a beta of 1.67. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $15.89 and a 12 month high of $40.70. The company has a 50-day moving average of $30.68 and a 200-day moving average of $32.54.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a dividend of $2.1724 per share. This represents a $8.69 annualized dividend and a yield of 30.8%. This is a positive change from Direxion Daily AAPL Bull 2X Shares's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, December 10th.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

Hedge funds have recently made changes to their positions in the stock. Vestor Capital LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter valued at $501,000. Client First Investment Management LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $1,990,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $2,336,000. Spire Wealth Management acquired a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at $71,000. Finally, StoneX Group Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares in the fourth quarter valued at $319,000.

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.

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