Hollencrest Capital Management Invests $152,000 in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU)

Hollencrest Capital Management purchased a new stake in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $152,000. Hollencrest Capital Management owned approximately 0.14% of Direxion Daily AAPL Bull 2X Shares as of its most recent filing with the Securities & Exchange Commission.

Separately, World Equity Group Inc. bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter valued at approximately $241,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

AAPU opened at $35.71 on Friday. The firm has a market cap of $99.27 million, a P/E ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $20.48 and a 52-week high of $40.93. The business’s fifty day moving average is $36.07 and its 200-day moving average is $33.29.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.2818 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

Direxion Daily AAPL Bull 2X Shares 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.