AAPU Short Interest Skyrockets Amid Trading Volatility
Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) saw an unprecedented spike in short interest in August. By August 14th, a total of 937,133 shares had been shorted, representing a significant growth of 101.3% from the July 30th total of 465,572 shares.
This surge in short interest corresponds with AAPU's trading activity, which has seen the stock traded up $1.29 to reach $41.39 on Friday. The company's average volume is approximately 2,160,157 shares, with a market cap of $158.52 million and a beta of 1.75.
Despite this growth in short interest, institutional investors have been actively buying AAPU. Jane Street Group LLC increased its holdings by 703.1% in the first quarter, while Tower Research Capital LLC TRC purchased a new stake in the second quarter valued at approximately $693,000.