Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Rises By 103.5%

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 667,400 shares, an increase of 103.5% from the April 30th total of 328,000 shares. Currently, 19.1% of the company’s stock are short sold. Based on an average daily volume of 1,786,500 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

A number of hedge funds have recently modified their holdings of AAPU. PayPay Securities Corp acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth about $125,000. JPMorgan Chase & Co. raised its position in Direxion Daily AAPL Bull 2X Shares by 70.3% in the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company’s stock valued at $380,000 after buying an additional 4,166 shares during the last quarter. Renaissance Technologies LLC raised its position in Direxion Daily AAPL Bull 2X Shares by 75.2% in the 4th quarter. Renaissance Technologies LLC now owns 63,600 shares of the company’s stock valued at $2,394,000 after buying an additional 27,300 shares during the last quarter. Finally, TRUE Private Wealth Advisors raised its position in Direxion Daily AAPL Bull 2X Shares by 9.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company’s stock valued at $2,263,000 after buying an additional 5,183 shares during the last quarter.

Direxion Daily AAPL Bull 2X Shares Price Performance

NASDAQ AAPU opened at $20.95 on Friday. The firm has a market cap of $73.33 million, a P/E ratio of 25.83 and a beta of -1.95. The stock’s 50-day moving average is $22.45 and its 200-day moving average is $30.27. Direxion Daily AAPL Bull 2X Shares has a one year low of $15.89 and a one year high of $43.10.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Tuesday, March 25th.

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.