Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update

Key Points

• The short interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) surged by 80.4% in July, reaching a total of 937,200 shares as of July 31st.
• Hedge funds have significantly increased their investment in the fund, with Jane Street Group LLC boosting its holdings by 703.1% in the first quarter.
• The stock is currently trading at $27.45, with a fifty-two week range between $15.89 and $43.10.

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 937,200 shares, agrowthof80.4% from the July 15th total of 519,600 shares. Approximately7.6% of the company's stock are short sold. Based on an average trading volume of 4,528,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 4,528,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately7.6% of the company's stock are short sold.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% during the 1st 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 in the last quarter. Optiver Holding B.V. raised its stake in shares of Direxion Daily AAPL Bull 2X Shares by 1,336.0% during the 4th 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of Direxion Daily AAPL Bull 2X Shares by 75.2% during the 4th quarter. Renaissance Technologies LLC now owns 63,600 shares of the company's stock worth $2,394,000 after purchasing an additional 27,300 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $693,000. Finally, Simplex Trading LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $621,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU traded up $0.65 during mid-day trading on Friday, hitting $26.50. 3,523,013 shares of the company's stock were exchanged, compared to its average volume of 2,877,814. The company has a market cap of $325.16 million, a PE ratio of 25.83 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $15.89 and a 52 week high of $43.10. The company has a 50-day simple moving average of $23.42 and a 200 day simple moving average of $24.87.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.0843 per share. The ex-dividend date was Tuesday, June 24th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.3%.

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.