Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report)'s share price rose 0.7% on Friday . The stock traded as high as $23.94 and last traded at $23.63. Approximately 5,392,893 shares were traded 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 Stock Performance
The stock has a market capitalization of $353.50 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. The firm's fifty day simple moving average is $21.87 and its 200 day simple moving average is $27.13.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a $0.0843 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.47%.
Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares
Several hedge funds and other institutional investors have recently made changes to their positions in AAPU. Parallel Advisors LLC bought a new position in Direxion Daily AAPL Bull 2X Shares during the second quarter worth $54,000. Jane Street Group LLC boosted its position in Direxion Daily AAPL Bull 2X Shares by 703.1% during the first quarter. Jane Street Group LLC now owns 157,807 shares of the company's stock worth $4,428,000 after purchasing an additional 138,158 shares during the period. Dagco Inc. bought a new position in Direxion Daily AAPL Bull 2X Shares during the first quarter worth $25,000. SBI Securities Co. Ltd. boosted its position in Direxion Daily AAPL Bull 2X Shares by 17.8% during the first quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company's stock worth $110,000 after purchasing an additional 591 shares during the period. Finally, Optiver Holding B.V. boosted its position in Direxion Daily AAPL Bull 2X Shares by 1,336.0% during the fourth quarter. Optiver Holding B.V. now owns 64,060 shares of the company's stock worth $2,411,000 after purchasing an additional 59,599 shares during the period.
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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