Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) rose 0.7% on Friday . The stock traded as high as $23.94 and last traded at $23.63. Approximately 5,392,893 shares changed hands during trading, an increase of 264% from the average daily volume of 1,482,160 shares. The stock had previously closed at $23.47.
Direxion Daily AAPL Bull 2X Shares Price Performance
The firm has a fifty day simple moving average of $21.89 and a two-hundred day simple moving average of $27.39. The firm has a market capitalization of $364.53 million, a P/E ratio of 25.83 and a beta of -1.95.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.0843 per share. This represents a $0.34 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, June 24th.
Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares
Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter worth $740,000. Renaissance Technologies LLC boosted its holdings 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 worth $2,394,000 after acquiring an additional 27,300 shares during the period. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 1,336.0% in the fourth quarter. Optiver Holding B.V. now owns 64,060 shares of the company's stock worth $2,411,000 after acquiring an additional 59,599 shares during the period. TRUE Private Wealth Advisors boosted its holdings 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 worth $2,263,000 after acquiring an additional 5,183 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 70.3% in the fourth quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock worth $380,000 after acquiring an additional 4,166 shares during the period.
Direxion Daily AAPL Bull 2X Shares Company Profile
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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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