Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 11.2% in November

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 337,200 shares, an increase of 11.2% from the October 31st total of 303,200 shares. Based on an average daily volume of 592,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the business. World Equity Group Inc. acquired a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter valued at about $241,000. Hollencrest Capital Management acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the third quarter valued at approximately $152,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at approximately $1,976,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth $1,799,000.

Direxion Daily AAPL Bull 2X Shares Stock Up 2.6 %

Shares of AAPU stock opened at $40.44 on Wednesday. Direxion Daily AAPL Bull 2X Shares has a fifty-two week low of $20.48 and a fifty-two week high of $40.93. The firm’s 50 day moving average price is $36.57 and its two-hundred day moving average price is $34.91. The stock has a market cap of $112.42 million, a price-to-earnings ratio of 23.89 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.2818 per share. This is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.13 annualized dividend and a dividend yield of 2.79%.

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.