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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 345,400 shares, an increase of 136.4% from the January 15th total of 146,100 shares. Based on an average daily trading volume, of 1,009,600 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Direxion Daily AAPL Bull 2X Shares by 70.3% during the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company’s stock valued at $380,000 after purchasing an additional 4,166 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $125,000. PayPay Securities Corp acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $31,000. Client First Investment Management LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $363,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at $1,799,000.

Direxion Daily AAPL Bull 2X Shares Trading Up 3.5 %

NASDAQ AAPU opened at $33.01 on Thursday. The company has a fifty day simple moving average of $35.38 and a 200 day simple moving average of $35.77. The company has a market cap of $155.81 million, a P/E ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $20.48 and a 1 year high of $43.10.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business 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.

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.