Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 38.2% in October

Posted by ABMN Staff on Oct 28th, 2024

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 262,800 shares, a growth of 38.2% from the September 30th total of 190,100 shares. Based on an average trading volume of 699,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily AAPL Bull 2X Shares stock. World Equity Group Inc. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,390 shares of the company’s stock, valued at approximately $241,000. World Equity Group Inc. owned 0.17% of Direxion Daily AAPL Bull 2X Shares at the end of the most recent reporting period.

Direxion Daily AAPL Bull 2X Shares Trading Up 0.7 %

Direxion Daily AAPL Bull 2X Shares stock opened at $37.13 on Monday. The stock has a market cap of $102.11 million, a P/E ratio of 23.89 and a beta of -1.95. The company has a 50-day moving average price of $36.32 and a 200 day moving average price of $32.41. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $20.48 and a 12-month high of $40.93.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.2818 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.04%. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20.

Direxion Daily AAPL Bull 2X Shares Company Profile

(Get Free Report)

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.