Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 14.0% in November

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 384,300 shares, an increase of 14.0% from the November 15th total of 337,200 shares. Based on an average daily volume of 543,100 shares, the short-interest ratio is currently 0.7 days.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of NASDAQ:AAPU opened at $37.49 on Monday. The company has a market capitalization of $104.22 million, a PE ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $20.48 and a 1 year high of $43.10. The business has a fifty day moving average price of $37.20 and a two-hundred day moving average price of $35.58.

Direxion Daily AAPL Bull 2X Shares Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be issued a dividend of $4.6304 per share. The ex-dividend date is Thursday, December 12th.

Institutional Trading of Direxion Daily AAPL Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AAPL Bull 2X Shares during the 3rd quarter valued at $1,976,000. Virtu Financial LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter valued at about $1,799,000. World Equity Group Inc. bought a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at about $241,000. Finally, Hollencrest Capital Management purchased a new stake in Direxion Daily AAPL Bull 2X Shares during the third quarter valued at about $152,000.

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.