Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Declines By 23.4%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 103,800 shares, a decline of 23.4% from the August 15th total of 135,500 shares. Based on an average daily volume of 434,100 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Direxion Daily AAPL Bear 1X Shares stock opened at $17.38 on Friday. Direxion Daily AAPL Bear 1X Shares has a 52-week low of $16.21 and a 52-week high of $23.72. The stock’s 50 day moving average price is $17.26 and its two-hundred day moving average price is $19.78.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were paid a dividend of $0.2117 per share. This represents a $0.85 annualized dividend and a yield of 4.87%. The ex-dividend date was Tuesday, June 25th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at about $45,000. Hamilton Wealth LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the first quarter valued at approximately $259,000. Sugar Maple Asset Management LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter valued at approximately $317,000. Ridgecrest Wealth Partners LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter valued at approximately $403,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth approximately $416,000.

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.