Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Increases By 141.1%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 35,200 shares, a growth of 141.1% from the October 15th total of 14,600 shares. Based on an average trading volume of 316,200 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Investment Advisors Ltd. acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $197,000. Hamilton Wealth LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at $259,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth $295,000. Sugar Maple Asset Management LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter valued at $317,000. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter valued at about $416,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

NASDAQ:AAPD opened at $16.82 on Friday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $16.13 and a 12 month high of $23.72. The business’s fifty day moving average price is $16.94 and its 200 day moving average price is $18.02.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.1472 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.50%.

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.