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

Key Points

• Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) experienced a significant increase in short interest, rising by 116.0% to 2,050,000 shares as of September 15th.
• The stock opened at $33.19 with a market capitalization of approximately $249.92 million, reflecting a notable market presence and trading activity.
• Recent institutional investments showed increased interest, with Jane Street Group LLC raising its holdings by 703.1% in the first quarter, now owning 157,807 shares valued at over $4.4 million.

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - ) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,050,000 shares, a growth of 116.0% from the August 31st total of 948,900 shares. Based on an average trading volume of 4,583,900 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 4,583,900 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily AAPL Bull 2X Shares Stock Performance

AAPU stock opened at $33.19 on Friday. The stock has a market capitalization of $249.92 million, a P/E ratio of 25.83 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a one year low of $15.89 and a one year high of $43.10. The company has a 50 day moving average price of $27.70 and a two-hundred day moving average price of $24.34.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its holdings 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 valued at $110,000 after acquiring an additional 591 shares in the last quarter. Parallel Advisors LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth $54,000. Dagco Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 1st quarter worth $25,000. Jane Street Group LLC lifted its holdings in Direxion Daily AAPL Bull 2X Shares by 703.1% in the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company's stock worth $4,428,000 after buying an additional 138,158 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth $693,000.

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.

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