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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 149,100 shares, a drop of 47.7% from the December 15th total of 285,300 shares. Based on an average daily trading volume, of 482,400 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $152,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth about $1,976,000. Virtu Financial LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter worth approximately $1,799,000. Finally, Client First Investment Management LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter valued at $363,000.

Direxion Daily AAPL Bull 2X Shares Trading Up 3.9 %

Shares of AAPU stock opened at $33.79 on Thursday. Direxion Daily AAPL Bull 2X Shares has a twelve month low of $20.48 and a twelve month high of $43.10. The company’s 50-day moving average price is $37.38 and its 200-day moving average price is $36.52. The stock has a market cap of $86.16 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2953 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.