Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Decreases By 47.7%

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

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAPU. Hollencrest Capital Management acquired a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $152,000. Client First Investment Management LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the fourth quarter valued at about $363,000. Virtu Financial LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $1,799,000. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at about $1,976,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

Direxion Daily AAPL Bull 2X Shares stock opened at $33.56 on Wednesday. The firm has a market cap of $88.26 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $20.48 and a fifty-two week high of $43.10. The firm has a fifty day moving average price of $36.60 and a two-hundred day moving average price of $36.15.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.2953 dividend. The ex-dividend date was Monday, December 23rd.

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.