Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Sees Large Increase in Short Interest

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 384,300 shares, a growth of 14.0% from the November 15th total of 337,200 shares. Based on an average trading volume of 543,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at about $152,000. World Equity Group Inc. acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the second quarter worth about $241,000. Virtu Financial LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth approximately $1,799,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth $1,976,000.

Direxion Daily AAPL Bull 2X Shares Stock Performance

NASDAQ:AAPU opened at $37.49 on Friday. The stock has a 50 day moving average price of $37.17 and a 200 day moving average price of $35.45. The stock has a market cap of $104.22 million, a PE ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a one year low of $20.48 and a one year high of $43.10.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be issued a $4.6304 dividend. The ex-dividend date is Thursday, December 12th.

Direxion Daily AAPL Bull 2X Shares Company 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.