Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 60.8% in November

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 13,800 shares, a decline of 60.8% from the October 31st total of 35,200 shares. Based on an average trading volume of 296,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at approximately $416,000. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth $259,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter worth $197,000. Ridgecrest Wealth Partners LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the third quarter valued at $540,000. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth $295,000.

Direxion Daily AAPL Bear 1X Shares Stock Up 0.1 %

Shares of AAPD opened at $16.39 on Thursday. The business has a 50-day simple moving average of $16.79 and a two-hundred day simple moving average of $17.66. Direxion Daily AAPL Bear 1X Shares has a 12-month low of $16.13 and a 12-month high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1472 dividend. This represents a $0.59 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.