Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Plans $0.08 Quarterly Dividend

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) announced a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, June 24th will be given a dividend of 0.0843 per share on Tuesday, July 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, June 24th.

Direxion Daily AAPL Bull 2X Shares Price Performance

Direxion Daily AAPL Bull 2X Shares stock traded up $0.03 during trading hours on Friday, hitting $21.11. The stock had a trading volume of 3,765,332 shares, compared to its average volume of 1,360,973. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $15.89 and a 1-year high of $43.10. The stock has a market capitalization of $73.87 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. The stock's fifty day moving average is $21.80 and its two-hundred day moving average is $28.07.

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

A hedge fund recently raised its stake in Direxion Daily AAPL Bull 2X Shares stock. Jane Street Group LLC raised its holdings in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Free Report) by 703.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,807 shares of the company's stock after purchasing an additional 138,158 shares during the period. Jane Street Group LLC owned 4.51% of Direxion Daily AAPL Bull 2X Shares worth $4,428,000 at the end of the most recent reporting period.

About Direxion Daily AAPL Bull 2X Shares

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.