Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Stock Pass Above 200-Day Moving Average – Here’s What Happened

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.31 and traded as high as $37.43. Direxion Daily AAPL Bull 2X Shares shares last traded at $37.29, with a volume of 469,979 shares trading hands.

Direxion Daily AAPL Bull 2X Shares Trading Up 2.7 %

The stock’s 50 day moving average price is $36.21 and its 200 day moving average price is $34.39. The company has a market cap of $103.67 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.2818 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.13 dividend on an annualized basis and a yield of 3.02%. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AAPU. World Equity Group Inc. purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the second quarter worth approximately $241,000. Hollencrest Capital Management purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at $152,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at $1,799,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the 3rd 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.