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

Posted by Chris Copeland on Aug 15th, 2024

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 95,700 shares, a growth of 110.8% from the July 15th total of 45,400 shares. Based on an average daily volume of 352,400 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.2 %

Shares of NASDAQ AAPD opened at $17.33 on Thursday. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $16.21 and a fifty-two week high of $23.72. The company has a 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $20.38.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a dividend of $0.2117 per share. This represents a $0.85 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Tuesday, June 25th.

Institutional Investors Weigh In On Direxion Daily AAPL Bear 1X Shares

Several institutional investors and hedge funds have recently made changes to their positions in AAPD. Game Plan Financial Advisors LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the first quarter worth approximately $45,000. Ridgecrest Wealth Partners LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $403,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $494,000. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $259,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $416,000.

Direxion Daily AAPL Bear 1X Shares Company Profile

(Get Free Report)

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.