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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 506,900 shares, a growth of 98.3% from the March 31st total of 255,600 shares. Currently, 13.3% of the shares of the company are sold short. Based on an average trading volume of 1,511,300 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

AAPU stock traded up $0.31 on Wednesday, reaching $24.30. 831,915 shares of the company were exchanged, compared to its average volume of 969,107. The firm has a market capitalization of $89.91 million, a PE ratio of 27.87 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $15.89 and a 12 month high of $43.10. The stock's fifty day moving average price is $26.23 and its 200 day moving average price is $32.52.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Tuesday, March 25th.

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

Institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 1,336.0% in the 4th 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. Renaissance Technologies LLC lifted its position in 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 purchasing an additional 27,300 shares during the period. TRUE Private Wealth Advisors increased its holdings in Direxion Daily AAPL Bull 2X Shares by 9.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company's stock valued at $2,263,000 after buying an additional 5,183 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at $1,799,000. Finally, Jane Street Group LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth about $740,000.

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.