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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 93,000 shares, a drop of 32.1% from the December 31st total of 136,900 shares. Based on an average daily trading volume, of 471,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

A number of large investors have recently bought and sold shares of the company. PayPay Securities Corp purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the 4th quarter worth about $64,000. Sterling Investment Advisors Ltd. bought a new position in Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $197,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter worth about $280,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $295,000. Finally, Ridgecrest Wealth Partners LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth approximately $540,000.

Direxion Daily AAPL Bear 1X Shares Stock Up 0.8 %

Shares of AAPD stock opened at $16.08 on Friday. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $14.70 and a 52 week high of $23.72. The firm’s 50-day simple moving average is $15.92 and its two-hundred day simple moving average is $16.68.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, December 23rd.

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.