Direxion Daily AAPL Bull 2X ETF (NASDAQ:AAPU) Trading Up 2% – What’s Next?

Direxion Daily AAPL Bull 2X ETF (NASDAQ:AAPU)’s share price shot up 2% during mid-day trading on Monday . The stock traded as high as $46.30 and last traded at $46.17. 701,622 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 2,129,909 shares. The stock had previously closed at $45.27.

Direxion Daily AAPL Bull 2X ETF Price Performance

The stock has a market cap of $179.29 million, a P/E ratio of 25.83 and a beta of 1.75. The company has a fifty day moving average of $42.05 and a 200 day moving average of $37.04.

Institutional Trading of Direxion Daily AAPL Bull 2X ETF

A hedge fund recently bought a new stake in Direxion Daily AAPL Bull 2X ETF stock. HighTower Advisors LLC purchased a new position in Direxion Daily AAPL Bull 2X ETF (NASDAQ:AAPU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,300 shares of the company’s stock, valued at approximately $917,000. HighTower Advisors LLC owned about 0.32% of Direxion Daily AAPL Bull 2X ETF as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily AAPL Bull 2X ETF 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.