Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 26.0% in February

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 435,300 shares, a growth of 26.0% from the January 31st total of 345,400 shares. Based on an average trading volume of 1,101,000 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

Direxion Daily AAPL Bull 2X Shares stock opened at $32.50 on Wednesday. The firm has a market cap of $153.40 million, a price-to-earnings ratio of 39.09 and a beta of -1.95. The firm has a fifty day moving average price of $33.84 and a two-hundred day moving average price of $35.80. 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

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

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $1,799,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $1,976,000. Client First Investment Management LLC bought a new position in Direxion Daily AAPL Bull 2X Shares during the fourth quarter valued at about $363,000. Hollencrest Capital Management acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $152,000. Finally, PayPay Securities Corp acquired a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at approximately $31,000.

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.