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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 285,300 shares, a decline of 25.8% from the November 30th total of 384,300 shares. Based on an average trading volume of 500,100 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily AAPL Bull 2X Shares Stock Down 2.8 %

NASDAQ AAPU opened at $39.30 on Friday. The firm’s 50-day simple moving average is $37.67 and its two-hundred day simple moving average is $36.30. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $20.48 and a 52 week high of $43.10. The company has a market cap of $109.25 million, a PE ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.2953 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in AAPU. Hollencrest Capital Management bought a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $152,000. Virtu Financial LLC bought a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at approximately $1,799,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the third quarter worth $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.