Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 38.2% in October

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 262,800 shares, an increase of 38.2% from the September 30th total of 190,100 shares. Based on an average daily volume of 699,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily AAPL Bull 2X Shares stock. World Equity Group Inc. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,390 shares of the company’s stock, valued at approximately $241,000. World Equity Group Inc. owned approximately 0.17% of Direxion Daily AAPL Bull 2X Shares at the end of the most recent quarter.

Direxion Daily AAPL Bull 2X Shares Stock Up 0.7 %

Shares of Direxion Daily AAPL Bull 2X Shares stock opened at $37.13 on Friday. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $20.48 and a 12-month high of $40.93. The company has a market capitalization of $102.11 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. The firm’s 50-day moving average price is $36.32 and its two-hundred day moving average price is $32.41.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.2818 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 3.04%. This is a boost from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September 24th.

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.