Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Grows By 85.0%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 465,572 shares, a growth of 85.0% from the July 15th total of 251,718 shares. Based on an average daily volume of 2,089,875 shares, the days-to-cover ratio is currently 0.2 days. Currently, 12.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% during the 1st quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock valued at $4,428,000 after acquiring an additional 138,158 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter valued at approximately $693,000. Group One Trading LLC raised its holdings in shares of Direxion Daily AAPL Bull 2X Shares by 104.0% during the fourth quarter. Group One Trading LLC now owns 30,566 shares of the company’s stock valued at $1,026,000 after purchasing an additional 15,581 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter valued at approximately $917,000. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $810,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of NASDAQ:AAPU opened at $38.16 on Friday. The company has a market cap of $146.15 million, a P/E ratio of 25.83 and a beta of 1.75. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $25.60 and a 1 year high of $48.89. The stock’s fifty day moving average price is $39.74 and its 200-day moving average price is $35.05.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 23rd.

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.