HighTower Advisors LLC Invests $917,000 in Direxion Daily AAPL Bull 2X Shares $AAPU

HighTower Advisors LLC bought a new position in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) during the fourth quarter, HoldingsChannel.com reports. The fund bought 27,300 shares of the company’s stock, valued at approximately $917,000.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter worth $50,000. Parallel Advisors LLC grew its stake in shares of Direxion Daily AAPL Bull 2X Shares by 107.3% in the third quarter. Parallel Advisors LLC now owns 5,080 shares of the company’s stock worth $164,000 after acquiring an additional 2,630 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the second quarter worth $189,000. Safeguard Investment Advisory Group LLC bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $219,000. Finally, Optiver Holding B.V. bought a new position in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter valued at $303,000.

Direxion Daily AAPL Bull 2X Shares Price Performance

Shares of NASDAQ:AAPU opened at $40.23 on Friday. The company has a market cap of $242.59 million, a P/E ratio of 25.83 and a beta of 1.73. Direxion Daily AAPL Bull 2X Shares has a 1 year low of $20.00 and a 1 year high of $42.85. The stock’s fifty day moving average price is $34.24 and its 200-day moving average price is $33.04.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.1727 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

Direxion Daily AAPL Bull 2X Shares 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.