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

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU)’s stock price traded up 0.7% during mid-day trading on Friday . The company traded as high as $23.94 and last traded at $23.63. 5,392,893 shares traded hands during trading, an increase of 264% from the average session volume of 1,482,160 shares. The stock had previously closed at $23.47.

Direxion Daily AAPL Bull 2X Shares Trading Up 0.7%

The stock has a 50 day moving average of $21.89 and a 200-day moving average of $27.39. The company has a market capitalization of $82.69 million, a P/E ratio of 25.83 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a $0.0843 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.43%.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Several institutional investors and hedge funds have recently modified their holdings of AAPU. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter valued at $125,000. JPMorgan Chase & Co. raised its holdings in Direxion Daily AAPL Bull 2X Shares by 70.3% during the fourth 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. Renaissance Technologies LLC raised its holdings in Direxion Daily AAPL Bull 2X Shares by 75.2% during the fourth quarter. Renaissance Technologies LLC now owns 63,600 shares of the company’s stock valued at $2,394,000 after acquiring an additional 27,300 shares during the period. TRUE Private Wealth Advisors lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 9.4% in 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 in the last quarter. Finally, Optiver Holding B.V. boosted its stake in shares of Direxion Daily AAPL Bull 2X Shares by 1,336.0% in the fourth quarter. Optiver Holding B.V. now owns 64,060 shares of the company’s stock worth $2,411,000 after acquiring an additional 59,599 shares during the period.

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.