Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update
by Jessica Moore · The Cerbat GemDirexion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 963,219 shares, a decrease of 21.0% from the March 15th total of 1,218,939 shares. Based on an average daily trading volume, of 1,458,565 shares, the short-interest ratio is currently 0.7 days. Approximately 18.5% of the company’s stock are short sold.
Direxion Daily AAPL Bull 2X Shares Stock Down 2.2%
Shares of AAPU stock opened at $30.06 on Friday. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $19.46 and a 12 month high of $40.70. The business’s 50 day moving average is $29.79 and its two-hundred day moving average is $32.36. The company has a market cap of $158.72 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 declared 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 2.3%. The ex-dividend date was Tuesday, March 24th.
Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares during the second quarter valued at approximately $50,000. Spire Wealth Management acquired a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $71,000. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the fourth quarter valued at approximately $141,000. Parallel Advisors LLC grew its holdings in Direxion Daily AAPL Bull 2X Shares by 107.3% during the third quarter. Parallel Advisors LLC now owns 5,080 shares of the company’s stock valued at $164,000 after purchasing an additional 2,630 shares during the last quarter. Finally, Group One Trading LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the second quarter valued at approximately $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.