Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Share Price Pass Above 50 Day Moving Average – Should You Sell?

by · The Markets Daily

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $36.90 and traded as high as $41.91. Direxion Daily AAPL Bull 2X Shares shares last traded at $41.75, with a volume of 527,827 shares changing hands.

Direxion Daily AAPL Bull 2X Shares Stock Performance

The stock has a market cap of $115.73 million, a PE ratio of 23.89 and a beta of -1.95. The firm’s 50-day moving average is $37.14 and its 200 day moving average is $35.44.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.2818 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 24th.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth $1,799,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $1,976,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $152,000. Finally, World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at about $241,000.

About Direxion Daily AAPL Bull 2X Shares

(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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