Direxion Daily AAPL Bull 2X Shares Sees Significant Increase in Short Interest

As of mid-October, the Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) experienced a notable rise in short interest. Short interest rose by 38.2%, climbing to a total of 262,800 shares from the previous total of 190,100 shares reported at the end of September. With an average daily trading volume of 699,300 shares, this elevates the short-interest ratio to approximately 0.4 days.

Price Performance of Direxion Daily AAPL Bull 2X Shares

On October 28th, shares of AAPU opened at $37.13. The stock has been performing steadily, reflecting a fifty-day moving average of $36.32 and a two-hundred-day moving average of $32.41. The current market capitalization sits at $102.11 million, with a price-to-earnings (PE) ratio of 23.89. It's essential to note that AAPU's stock has fluctuated significantly over the past year, reaching a low of $20.48 and a high of $40.93.

Dividend Announcement

In a positive move for investors, the company also declared a quarterly dividend of $0.2818, which was distributed on October 1st to shareholders recorded as of September 24th. This increase from the previous quarterly dividend of $0.20 represents an annualized yield of 3.04%, totaling approximately $1.13 per share on an annual basis.

Institutional Market Activity

Additionally, there has been institutional interest in Direxion Daily AAPL Bull 2X Shares. Recently, World Equity Group Inc. announced the acquisition of a new stake in AAPU, as detailed in their latest Form 13F filing with the Securities and Exchange Commission. They purchased 7,390 shares, translating to a roughly $241,000 investment, thereby holding about 0.17% of the fund by the end of the last quarter.

About Direxion Daily AAPL Bull 2X Shares

The Direxion Daily AAPL Bull 2X Shares offers investors a chance for leveraged exposure to Apple Inc.'s stock performance. Specifically, it aims to provide 1.5 times the daily price movements of Apple shares, while accounting for fees and expenses. This exchange-traded fund (ETF) was launched on August 9, 2022, and is managed by Direxion.

Further Information

Investors seeking additional insights on Direxion Daily AAPL Bull 2X Shares or related investment information may explore various financial news platforms and blogs for ongoing updates.

Direxion, AAPL, ETFs