Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 50.8% in February

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 62,800 shares, a drop of 50.8% from the February 13th total of 127,700 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average daily volume of 907,100 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily AAPL Bear 1X Shares Stock Down 1.7 %

Direxion Daily AAPL Bear 1X Shares stock opened at $17.85 on Friday. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $14.70 and a 52 week high of $23.72. The stock has a 50-day moving average price of $16.31 and a 200 day moving average price of $16.44.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.1606 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAPD. Advisory Services Network LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth $1,077,000. Virtu Financial LLC boosted its holdings in Direxion Daily AAPL Bear 1X Shares by 114.8% in the 4th quarter. Virtu Financial LLC now owns 36,527 shares of the company’s stock worth $557,000 after buying an additional 19,519 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the fourth quarter valued at approximately $355,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter worth approximately $295,000. Finally, Rossby Financial LCC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at $191,000.

Direxion Daily AAPL Bear 1X Shares Company Profile

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.