Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Update

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 201,762 shares, an increase of 91.3% from the June 15th total of 105,465 shares. Based on an average daily trading volume, of 6,611,476 shares, the short-interest ratio is currently 0.0 days. Currently, 17.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion Daily AAPL Bear 1X Shares

Institutional investors have recently bought and sold shares of the company. PayPay Securities Corp lifted its position in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% during the fourth quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after purchasing an additional 796 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at approximately $201,000. Jump Financial LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth approximately $202,000. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth approximately $349,000. Finally, Susquehanna International Group LLP lifted its holdings in Direxion Daily AAPL Bear 1X Shares by 66.9% during the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after buying an additional 34,561 shares in the last quarter.

Direxion Daily AAPL Bear 1X Shares Trading Up 1.0%

Shares of NASDAQ AAPD traded up $0.11 during trading on Friday, reaching $10.60. The stock had a trading volume of 1,859,275 shares, compared to its average volume of 8,287,099. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $10.45 and a fifty-two week high of $17.91. The business’s 50-day moving average price is $11.68 and its 200-day moving average price is $12.90.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.0793 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.32 annualized dividend and a yield of 3.0%.

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.