AAPU +2x Direxion Shares ETF Trust Direxion Daily AAPL Bull 2X ETF

AAPU

ETF +2x BULL standard
Direxion Shares ETF Trust Direxion Daily AAPL Bull 2X ETF
Issuer: Direxion · Tracks: AAPL · Listed: 2022-08-08
Implied AUM
$186.5M
Last Close
$44.14
20260720
30d Avg Vol
1,907,198
Options
available
Realized return vs theoretical +2x AAPL
Other leveraged products tracking AAPL
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AAPB +2x BULL GraniteShares GraniteShares ETF Trust GraniteShares 2x Long AAPL Daily ETF $21.0M 64,254
AAPX +2x BULL T-Rex T-Rex 2X Long Apple Daily Target ETF $11.9M 43,825
AAPE +2x BULL Leverage Shares Leverage Shares 2X Long AAPL Daily ETF $162335 10,715

How AAPU works

AAPU targets +2x the daily return of AAPL — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on AAPU carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.