Renaissance Technologies LLC Has $2.39 Million Stock Holdings in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU)

Renaissance Technologies LLC grew its stake in shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Free Report) by 75.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,600 shares of the company's stock after purchasing an additional 27,300 shares during the quarter. Renaissance Technologies LLC owned approximately 1.35% of Direxion Daily AAPL Bull 2X Shares worth $2,394,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $1,799,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at about $363,000. JPMorgan Chase & Co. raised its stake in 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 valued at $380,000 after acquiring an additional 4,166 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth approximately $125,000. Finally, PayPay Securities Corp acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth approximately $31,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

AAPU stock traded up $0.21 during trading on Thursday, hitting $24.51. The stock had a trading volume of 813,061 shares, compared to its average volume of 968,875. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $15.89 and a 1-year high of $43.10. The company's 50 day moving average price is $26.01 and its two-hundred day moving average price is $32.46. The stock has a market cap of $90.67 million, a price-to-earnings ratio of 27.87 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Tuesday, March 25th.

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.