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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 667,400 shares, an increase of 103.5% from the April 30th total of 328,000 shares. Currently, 19.1% of the company's shares are sold short. Based on an average daily trading volume, of 1,786,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. PayPay Securities Corp bought a new stake in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth $125,000. JPMorgan Chase & Co. raised its stake in Direxion Daily AAPL Bull 2X Shares by 70.3% in the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock worth $380,000 after acquiring an additional 4,166 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Direxion Daily AAPL Bull 2X Shares by 75.2% during the 4th quarter. Renaissance Technologies LLC now owns 63,600 shares of the company's stock valued at $2,394,000 after buying an additional 27,300 shares during the last quarter. Finally, TRUE Private Wealth Advisors raised its stake in shares of 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 valued at $2,263,000 after buying an additional 5,183 shares during the last quarter.

Direxion Daily AAPL Bull 2X Shares Trading Down 1.0%

Shares of NASDAQ AAPU traded down $0.22 during midday trading on Friday, hitting $20.95. The company's stock had a trading volume of 2,343,601 shares, compared to its average volume of 1,192,068. The business's 50 day moving average is $22.45 and its two-hundred day moving average is $30.27. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $15.89 and a 12-month high of $43.10. The firm has a market cap of $73.33 million, a P/E ratio of 25.83 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.243 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.97 annualized dividend and a yield of 4.64%.

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.