Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Sees Large Increase in Short Interest

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 162,100 shares, a growth of 1,074.6% from the November 15th total of 13,800 shares. Based on an average daily trading volume, of 267,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

A number of institutional investors have recently made changes to their positions in AAPD. Sterling Investment Advisors Ltd. acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $197,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter valued at $280,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth $295,000. Finally, Ridgecrest Wealth Partners LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth $540,000.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.7 %

AAPD traded down $0.11 during trading hours on Wednesday, hitting $15.46. The company’s stock had a trading volume of 152,577 shares, compared to its average volume of 299,271. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $15.38 and a fifty-two week high of $23.72. The company has a 50-day simple moving average of $16.63 and a 200 day simple moving average of $17.35.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1472 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.81%.

About Direxion Daily AAPL Bear 1X Shares

The Direxion Daily AAPL Bear 1X Shares ETF (AAPD) is an exchange-traded fund that is based on the Apple Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPD was launched on Aug 9, 2022 and is managed by Direxion.