Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Up 116.0% in September

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,050,000 shares, a growth of 116.0% from the August 31st total of 948,900 shares. Based on an average daily trading volume, of 4,583,900 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 4,583,900 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of AAPU opened at $33.19 on Monday. The firm has a fifty day moving average of $27.70 and a 200-day moving average of $24.31. The company has a market cap of $249.92 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $15.89 and a 1 year high of $43.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AAPU. Jane Street Group LLC increased its stake in shares of Direxion Daily AAPL Bull 2X Shares by 703.1% in the first quarter. Jane Street Group LLC now owns 157,807 shares of the company’s stock valued at $4,428,000 after purchasing an additional 138,158 shares during the period. Tower Research Capital LLC TRC bought a new position in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth approximately $693,000. Simplex Trading LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at approximately $621,000. Vestor Capital LLC acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter valued at approximately $501,000. Finally, SBI Securities Co. Ltd. raised its stake in Direxion Daily AAPL Bull 2X Shares by 132.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,057 shares of the company’s stock valued at $199,000 after acquiring an additional 5,154 shares in the last quarter.

Direxion Daily AAPL Bull 2X Shares Company Profile

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.