Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Sees Notable Uptick in October

The Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) experienced a substantial rise in short interest during October. As of October 15th, the total short interest amounted to 262,800 shares, reflecting an increase of 38.2% compared to the September 30th figure of 190,100 shares. With an average trading volume of 699,300 shares, the current days-to-cover ratio stands at 0.4 days.

Institutional Investors Show Interest in Direxion Daily AAPL Bull 2X Shares

A recent filing with the Securities and Exchange Commission revealed that a hedge fund has taken a new stake in the Direxion Daily AAPL Bull 2X Shares. World Equity Group Inc. acquired 7,390 shares valued at approximately $241,000 in the second quarter. By the end of the latest quarter, World Equity Group Inc. owned about 0.17% of the Direxion Daily AAPL Bull 2X Shares.

Direxion Daily AAPL Bull 2X Shares Stock Performance

The stock opened at $37.13 on the most recent trading day. Over the past year, the Direxion Daily AAPL Bull 2X Shares has recorded a low of $20.48 and a high of $40.93. The market cap of the company stands at $102.11 million, with a price-to-earnings ratio of 23.89 and a beta of -1.95. The current 50-day moving average is $36.32, while the 200-day moving average is $32.41.

Dividend Announcement from Direxion Daily AAPL Bull 2X Shares

Recently, the company announced a quarterly dividend that was paid on October 1st to investors who were recorded by September 24th. The dividend amounted to $0.2818, which translates to an annualized dividend of $1.13 and a yield of 3.04%. This marks an increase from the previous quarterly dividend of $0.20. The ex-dividend date was also set on September 24th.

Overview of Direxion Daily AAPL Bull 2X Shares

The Direxion Daily AAPL Bull 2X Shares is an exchange-traded fund that aims to provide 1.5x leveraged exposure to the daily price movements of Apple Inc. shares, after fees and expenses. This ETF was launched on August 9, 2022, and is managed by Direxion.

Investment Insights

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Direxion, AAPL, Stocks, Investing, Dividends