Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 136.4% in January

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 345,400 shares, an increase of 136.4% from the January 15th total of 146,100 shares. Based on an average daily trading volume, of 1,009,600 shares, the days-to-cover ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PayPay Securities Corp acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares in the fourth quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth approximately $125,000. Hollencrest Capital Management bought a new stake in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth approximately $152,000. JPMorgan Chase & Co. increased its position in Direxion Daily AAPL Bull 2X Shares by 70.3% in the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company’s stock valued at $380,000 after acquiring an additional 4,166 shares during the period. Finally, TRUE Private Wealth Advisors raised its stake in shares of Direxion Daily AAPL Bull 2X Shares by 9.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 60,109 shares of the company’s stock valued at $2,263,000 after acquiring an additional 5,183 shares during the last quarter.

Direxion Daily AAPL Bull 2X Shares Stock Up 2.5 %

NASDAQ:AAPU opened at $35.11 on Friday. Direxion Daily AAPL Bull 2X Shares has a twelve month low of $20.48 and a twelve month high of $43.10. The stock’s 50-day simple moving average is $35.10 and its 200 day simple moving average is $35.74. The firm has a market capitalization of $165.72 million, a PE 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. Stockholders of record on Monday, December 23rd were paid a $0.2953 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Direxion Daily AAPL Bull 2X Shares Company Profile

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.