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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 384,300 shares, an increase 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 currently 0.7 days.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of NASDAQ:AAPU opened at $37.49 on Monday. Direxion Daily AAPL Bull 2X Shares has a 52 week low of $20.48 and a 52 week high of $43.10. The firm has a market cap of $104.22 million, a PE ratio of 23.89 and a beta of -1.95. The firm’s fifty day moving average is $37.20 and its 200-day moving average is $35.58.

Direxion Daily AAPL Bull 2X Shares Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be issued a dividend of $4.6304 per share. The ex-dividend date of this dividend is Thursday, December 12th.

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

Institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at $152,000. World Equity Group Inc. bought a new stake in Direxion Daily AAPL Bull 2X Shares during the second quarter valued at $241,000. Virtu Financial LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth about $1,799,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth about $1,976,000.

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.