Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) was the target of a significant growth in short interest during 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. Based on an average trading volume of 1,511,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 13.3% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AAPU. Optiver Holding B.V. boosted its holdings in 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 valued at $2,411,000 after purchasing an additional 59,599 shares during the last quarter. Renaissance Technologies LLC grew its stake 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 in the last quarter. TRUE Private Wealth Advisors grew its stake in Direxion Daily AAPL Bull 2X Shares by 9.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company's stock worth $2,263,000 after purchasing an additional 5,183 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth approximately $1,799,000. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at approximately $740,000.
Direxion Daily AAPL Bull 2X Shares Stock Performance
Shares of NASDAQ:AAPU traded down $1.80 during trading on Friday, reaching $22.59. The stock had a trading volume of 6,517,154 shares, compared to its average volume of 997,703. The business has a fifty day moving average price of $25.52 and a 200-day moving average price of $32.23. The stock has a market cap of $79.07 million, a PE ratio of 27.87 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $15.89 and a 1-year high of $43.10.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.243 dividend. This represents a $0.97 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Tuesday, March 25th.
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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