JPMorgan Chase & Co. reduced its stake in shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Free Report) by 54.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,925 shares of the company’s stock after selling 6,972 shares during the period. JPMorgan Chase & Co. owned 0.21% of Direxion Daily AAPL Bull 2X Shares worth $225,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth approximately $1,976,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth $1,799,000. Finally, Hollencrest Capital Management bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at $152,000.
Direxion Daily AAPL Bull 2X Shares Stock Performance
AAPU opened at $32.86 on Friday. The stock has a market cap of $161.01 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. The firm’s fifty day moving average is $36.46 and its 200 day moving average is $36.08. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $20.48 and a fifty-two week high of $43.10.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
Direxion Daily AAPL Bull 2X Shares 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.
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