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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 62,800 shares, a decline of 50.8% from the February 13th total of 127,700 shares. Based on an average daily trading volume, of 907,100 shares, the short-interest ratio is presently 0.1 days. Approximately 4.3% of the shares of the stock are short sold.

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

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

Direxion Daily AAPL Bear 1X Shares Price Performance

AAPD opened at $17.85 on Friday. The company’s 50 day simple moving average is $16.31 and its two-hundred day simple moving average is $16.44. Direxion Daily AAPL Bear 1X Shares has a 1-year low of $14.70 and a 1-year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.1606 dividend. 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.