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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPUGet Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 149,100 shares, a decrease of 47.7% from the December 15th total of 285,300 shares. Based on an average daily volume of 482,400 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily AAPL Bull 2X Shares Trading Down 2.2 %

Direxion Daily AAPL Bull 2X Shares stock opened at $32.83 on Tuesday. The company has a fifty day simple moving average of $37.43 and a 200-day simple moving average of $36.54. The stock has a market cap of $83.72 million, a P/E ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 12-month low of $20.48 and a 12-month high of $43.10.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.

Institutional Inflows and Outflows

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

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.

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