Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 255,600 shares, a decrease of 58.8% from the March 15th total of 620,300 shares. Based on an average trading volume of 1,483,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 7.4% of the company's shares are short sold.
Direxion Daily AAPL Bull 2X Shares Stock Up 2.7 %
Shares of AAPU traded up $0.55 during mid-day trading on Friday, hitting $20.97. The company had a trading volume of 705,377 shares, compared to its average volume of 958,365. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $15.89 and a 1-year high of $43.10. The business's 50-day simple moving average is $27.92 and its 200-day simple moving average is $33.14. The stock has a market cap of $72.35 million, a PE ratio of 32.24 and a beta of -1.95.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.243 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.64%.
Institutional Trading of Direxion Daily AAPL Bull 2X Shares
A number of institutional investors and hedge funds have recently made changes to their positions in AAPU. PayPay Securities Corp acquired a new position in Direxion Daily AAPL Bull 2X Shares in the fourth quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth about $125,000. Client First Investment Management LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at about $363,000. JPMorgan Chase & Co. grew its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 70.3% during the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock worth $380,000 after purchasing an additional 4,166 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth approximately $740,000.
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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