Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 49.6% in January

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,360,233 shares, an increase of 49.6% from the December 31st total of 909,223 shares. Currently, 20.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,948,594 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 1,948,594 shares, the short-interest ratio is presently 0.7 days. Currently, 20.8% of the company’s shares are sold short.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of AAPU stock opened at $30.15 on Friday. The firm’s 50 day moving average price is $33.43 and its two-hundred day moving average price is $31.09. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $15.89 and a 52-week high of $40.70. The stock has a market cap of $204.42 million, a PE ratio of 25.83 and a beta of 1.67.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $2.1724 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $8.69 annualized dividend and a dividend yield of 28.8%. This is an increase from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.22.

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

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in Direxion Daily AAPL Bull 2X Shares by 703.1% during the first quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock worth $4,428,000 after buying an additional 138,158 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $2,336,000. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at approximately $1,990,000. Tower Research Capital LLC TRC bought a new position in Direxion Daily AAPL Bull 2X Shares during the 2nd quarter worth approximately $693,000. Finally, Simplex Trading LLC acquired a new position in Direxion Daily AAPL Bull 2X Shares during the second quarter valued at approximately $621,000.

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.