Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Declines By 21.0%

Key Points

• Short interest in AAPU fell by 21.0% to 963,219 shares as of March 31, representing about 18.5% of shares short and a days-to-cover ratio of 0.7.
• Shares were trading up 5.8%, opening at $30.75, with a market cap of $162.36 million and a 52‑week range of $19.46 to $40.70.
• AAPU is a Direxion leveraged ETF providing roughly 1.5x exposure to Apple and recently paid a quarterly dividend of $0.1727 (annualized $0.69, yield 2.2%, ex‑dividend March 24).

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - ) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 963,219 shares, a decline of 21.0% from the March 15th total of 1,218,939 shares. Based on an average trading volume of 1,458,565 shares, the days-to-cover ratio is presently 0.7 days. Approximately 18.5% of the shares of the stock are short sold.

Direxion Daily AAPL Bull 2X Shares Trading Up 5.8%

Shares of Direxion Daily AAPL Bull 2X Shares stock opened at $30.75 on Thursday. The company's 50-day moving average price is $29.87 and its two-hundred day moving average price is $32.38. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $19.46 and a 52 week high of $40.70. The stock has a market cap of $162.36 million, a PE ratio of 25.83 and a beta of 1.67.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1727 per share. This represents a $0.69 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth about $50,000. Spire Wealth Management acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth about $71,000. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth about $141,000. Parallel Advisors LLC raised its holdings in Direxion Daily AAPL Bull 2X Shares by 107.3% during the 3rd quarter. Parallel Advisors LLC now owns 5,080 shares of the company's stock worth $164,000 after buying an additional 2,630 shares during the period. Finally, Group One Trading LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth about $189,000.

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.

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