Direxion Daily AAPL Bull 2X ETF (NASDAQ:AAPU) Shares Up 0.2% – Here’s What Happened

Direxion Daily AAPL Bull 2X ETF (NASDAQ:AAPU) was up 0.2% during trading on Tuesday. The company traded as high as $48.09 and last traded at $46.24. 1,143,327 shares traded hands during trading, a decline of 44% from the average daily volume of 2,037,597 shares. The stock had previously closed at $46.17.

Direxion Daily AAPL Bull 2X ETF Trading Down 0.9%

The stock has a 50-day simple moving average of $42.49 and a 200 day simple moving average of $38.91. The stock has a market capitalization of $164.54 million, a price-to-earnings ratio of 25.83 and a beta of 1.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily AAPL Bull 2X ETF stock. Safeguard Investment Advisory Group LLC acquired a new stake in Direxion Daily AAPL Bull 2X ETF (NASDAQ:AAPU) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,786 shares of the company’s stock, valued at approximately $237,000. Safeguard Investment Advisory Group LLC owned 0.18% of Direxion Daily AAPL Bull 2X ETF as of its most recent filing with the SEC.

About Direxion Daily AAPL Bull 2X ETF

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.