Short Interest in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Increases By 14.0%

Posted by ABMN Staff on Dec 15th, 2024

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Get Free Report) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 384,300 shares, a growth of 14.0% from the November 15th total of 337,200 shares. Based on an average daily trading volume, of 543,100 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of AAPU stock opened at $37.49 on Friday. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $20.48 and a 12-month high of $43.10. The firm has a fifty day moving average of $37.20 and a 200-day moving average of $35.53. The company has a market capitalization of $104.22 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be issued a $4.6304 dividend. The ex-dividend date is Thursday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter worth $152,000. World Equity Group Inc. acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter valued at about $241,000. Virtu Financial LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $1,799,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter worth about $1,976,000.

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.