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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 127,700 shares, a decrease of 86.1% from the January 31st total of 921,700 shares. Based on an average daily trading volume, of 737,500 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of AAPD. PayPay Securities Corp bought a new stake in Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at $64,000. Rossby Financial LCC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at $191,000. Virtu Financial LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the third quarter worth $280,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the third quarter worth $295,000. Finally, Optiver Holding B.V. bought a new stake in Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at $355,000.

Direxion Daily AAPL Bear 1X Shares Trading Down 0.3 %

Shares of NASDAQ:AAPD traded down $0.05 during trading on Thursday, reaching $15.84. The company had a trading volume of 341,916 shares, compared to its average volume of 992,258. Direxion Daily AAPL Bear 1X Shares has a twelve month low of $14.70 and a twelve month high of $23.72. The firm’s fifty day moving average is $15.94 and its 200 day moving average is $16.47.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

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

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.