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

The Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) experienced a notable rise in short interest during October. As reported on October 15th, the short interest hit a total of 262,800 shares, marking an increase of 38.2% compared to the 190,100 shares reported at the end of September. Given the average daily trading volume of 699,300 shares, the current short-interest ratio stands at 0.4 days.

Price Performance of Direxion Daily AAPL Bull 2X Shares

As of Monday, the stock opened at $37.13. The 50-day moving average for AAPU is currently $36.32, while the 200-day moving average is $32.41. The company holds a market capitalization of $102.11 million, a PE ratio of 23.89, and has a beta of -1.95. Over the past year, the stock reached a low of $20.48 and a high of $40.93.

Recent Dividend Increase

In addition to the rise in short interest, the company has also recently announced an increase in its quarterly dividend. The dividend was paid out on Tuesday, October 1st, to shareholders who were on record as of September 24th. The amount distributed was $0.2818 per share, up from the previous quarterly dividend of $0.20. This brings the annualized dividend to $1.13, giving AAPU a dividend yield of 3.04%.

Institutional Investment Activity

Recently, World Equity Group Inc. made a significant move by acquiring a new stake in the Direxion Daily AAPL Bull 2X Shares during the second quarter. According to their latest Form 13F filing with the SEC, the firm acquired 7,390 shares valued at approximately $241,000, which represented 0.17% of the company's total equity at the end of the quarter.

Company Overview

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) is an exchange-traded fund that offers leveraged exposure to the daily price movements of Apple Inc. shares, less fees and expenses. Launched on August 9, 2022, it is managed by Direxion.

Direxion, AAPL, shares