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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 123,900 shares, an increase of 19.4% from the August 31st total of 103,800 shares. Based on an average daily volume of 378,500 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily AAPL Bear 1X Shares Price Performance

AAPD opened at $16.81 on Monday. 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 business has a 50-day moving average of $17.34 and a 200-day moving average of $19.41.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be given a dividend of $0.1472 per share. This represents a $0.59 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, September 24th.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in AAPD. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at approximately $45,000. IMC Chicago LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter valued at approximately $494,000. Ridgecrest Wealth Partners LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter worth $403,000. Sugar Maple Asset Management LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter worth $317,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at $416,000.

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.