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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 149,100 shares, a decrease of 47.7% from the December 15th total of 285,300 shares. Based on an average daily volume of 482,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $152,000. Client First Investment Management LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares in the fourth quarter worth $363,000. Virtu Financial LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth $1,799,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $1,976,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU opened at $33.79 on Thursday. The business’s 50 day simple moving average is $37.38 and its 200-day simple moving average is $36.52. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $20.48 and a 1 year high of $43.10. The stock has a market capitalization of $86.16 million, a price-to-earnings 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 was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.2953 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.