Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 15.4% in October

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 303,200 shares, a growth of 15.4% from the October 15th total of 262,800 shares. Based on an average trading volume of 624,000 shares, the short-interest ratio is presently 0.5 days.

Direxion Daily AAPL Bull 2X Shares Stock Down 2.8 %

Shares of NASDAQ:AAPU opened at $34.92 on Friday. The firm has a market cap of $97.08 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 12 month low of $20.48 and a 12 month high of $40.93. The company’s fifty day simple moving average is $36.02 and its 200 day simple moving average is $33.74.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.2818 dividend. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 24th. This represents a $1.13 annualized dividend and a dividend yield of 3.23%.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

A number of institutional investors have recently modified their holdings of AAPU. Hollencrest Capital Management acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $152,000. World Equity Group Inc. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $241,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter valued at approximately $1,976,000.

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.