TRUE Private Wealth Advisors Sells 1,182 Shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU)

Posted by Steve Reilly on Nov 30th, 2024

TRUE Private Wealth Advisors cut its holdings in Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU – Free Report) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 54,926 shares of the company’s stock after selling 1,182 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Direxion Daily AAPL Bull 2X Shares were worth $2,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the third quarter worth $1,976,000. World Equity Group Inc. acquired a new stake in Direxion Daily AAPL Bull 2X Shares in the second quarter valued at $241,000. Finally, Hollencrest Capital Management bought a new position in Direxion Daily AAPL Bull 2X Shares during the 3rd quarter worth $152,000.

Direxion Daily AAPL Bull 2X Shares Trading Up 2.0 %

Shares of AAPU stock opened at $38.73 on Friday. The stock has a 50-day moving average of $36.42 and a 200-day moving average of $34.62. The stock has a market cap of $107.67 million, a price-to-earnings ratio of 23.89 and a beta of -1.95. Direxion Daily AAPL Bull 2X Shares has a 1-year low of $20.48 and a 1-year high of $40.93.

Direxion Daily AAPL Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.2818 dividend. This is a positive change from Direxion Daily AAPL Bull 2X Shares’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 24th. This represents a $1.13 annualized dividend and a yield of 2.91%.

Direxion Daily AAPL Bull 2X Shares Company Profile

(Free Report)

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.