Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Down 27.4% in August

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 398,200 shares, a decrease of 27.4% from the August 15th total of 548,400 shares. Based on an average daily volume of 1,097,400 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

AAPU stock opened at $33.26 on Tuesday. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $20.48 and a 12 month high of $40.93. The firm has a market capitalization of $133.04 million, a PE ratio of 23.89 and a beta of -1.95. The company’s 50 day simple moving average is $35.79 and its 200-day simple moving average is $29.63.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were given a dividend of $0.1978 per share. This represents a $0.79 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, June 25th.

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

A number of institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC increased its position in Direxion Daily AAPL Bull 2X Shares by 95.4% during the 4th quarter. IMC Chicago LLC now owns 29,240 shares of the company’s stock worth $801,000 after purchasing an additional 14,277 shares in the last quarter. TRUE Private Wealth Advisors boosted its stake in shares of Direxion Daily AAPL Bull 2X Shares by 7.4% during the 1st quarter. TRUE Private Wealth Advisors now owns 56,789 shares of the company’s stock worth $1,278,000 after purchasing an additional 3,908 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $241,000.

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.