Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update

Key Points

• Short interest in Direxion Daily AAPL Bull 2X Shares increased by 22.5% from mid-August to the end of August, reaching 948,900 shares.
• Institutional investors have shown significant activity, with multiple firms increasing their stakes or acquiring new positions in AAPU during the second quarter.
• The company's stock has a market capitalization of $354.36 million and recently exhibited a dividend yield of 1.2% after a quarterly dividend of $0.0843 per share.

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 948,900 shares, an increase of 22.5% from the August 15th total of 774,600 shares. Approximately 7.7% of the company's shares are short sold. Based on an average daily volume of 4,573,500 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 4,573,500 shares, the short-interest ratio is currently 0.2 days. Approximately 7.7% of the company's shares are short sold.

Direxion Daily AAPL Bull 2X Shares Stock Up 6.2%

Shares of Direxion Daily AAPL Bull 2X Shares stock traded up $1.78 during trading on Friday, reaching $30.39. 5,581,435 shares of the stock were exchanged, compared to its average volume of 2,913,087. The stock's fifty day moving average is $25.82 and its 200 day moving average is $24.02. The firm has a market cap of $372.89 million, a price-to-earnings ratio of 25.83 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.0843 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $0.34 annualized dividend and a yield of 1.1%.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dagco Inc. purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the first quarter worth about $25,000. PayPay Securities Corp lifted its holdings in Direxion Daily AAPL Bull 2X Shares by 168.5% in the second quarter. PayPay Securities Corp now owns 1,313 shares of the company's stock worth $29,000 after buying an additional 824 shares during the period. Raymond James Financial Inc. purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter worth about $50,000. Parallel Advisors LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter worth about $54,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Direxion Daily AAPL Bull 2X Shares by 17.8% in the first quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company's stock worth $110,000 after buying an additional 591 shares during the period.

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.