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

by · The Markets Daily

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 937,133 shares, an increase of 101.3% from the July 30th total of 465,572 shares. Approximately 24.5% of the company’s shares are short sold. Based on an average trading volume of 2,285,952 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter valued at $50,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at about $141,000. Parallel Advisors LLC boosted its stake in shares of 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 valued at $164,000 after purchasing an additional 2,630 shares in the last quarter. Group One Trading LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter valued at about $189,000. Finally, Safeguard Investment Advisory Group LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at about $219,000.

Direxion Daily AAPL Bull 2X Shares Trading Up 3.2%

Shares of AAPU stock traded up $1.29 during mid-day trading on Friday, reaching $41.39. The stock had a trading volume of 1,706,197 shares, compared to its average volume of 2,160,157. The firm has a market capitalization of $158.52 million, a PE ratio of 25.83 and a beta of 1.75. The stock’s 50-day moving average price is $40.23 and its two-hundred day moving average price is $35.60. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $25.89 and a 52-week high of $48.89.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.218 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 2.1%.

Direxion Daily AAPL Bull 2X Shares Company Profile

(Get Free Report)

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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