Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Shares Down 0.7% – What’s Next?

Shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) were down 0.7% on Wednesday . The company traded as low as $29.85 and last traded at $30.63. Approximately 1,821,643 shares were traded during trading, a decline of 11% from the average daily volume of 2,050,467 shares. The stock had previously closed at $30.84.

Direxion Daily AAPL Bull 2X Shares Stock Down 0.7%

The company has a market cap of $166.93 million, a price-to-earnings ratio of 25.83 and a beta of 1.67. The business has a fifty day simple moving average of $35.08 and a 200 day simple moving average of $30.58.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were paid a $2.1724 dividend. This represents a $8.69 annualized dividend and a dividend yield of 28.4%. This is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, December 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 4.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 9,427 shares of the company’s stock valued at $305,000 after acquiring an additional 370 shares during the period. PayPay Securities Corp raised its holdings in Direxion Daily AAPL Bull 2X Shares by 168.5% during the second quarter. PayPay Securities Corp now owns 1,313 shares of the company’s stock worth $29,000 after purchasing an additional 824 shares during the last quarter. Spire Wealth Management acquired a new position in Direxion Daily AAPL Bull 2X Shares during the third quarter worth $71,000. Raymond James Financial Inc. purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the second quarter worth $50,000. Finally, Parallel Advisors LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $54,000.

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.