Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 105.9% in March

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 129,300 shares, a growth of 105.9% from the February 28th total of 62,800 shares. Based on an average trading volume of 1,097,200 shares, the short-interest ratio is presently 0.1 days. Approximately 8.9% of the shares of the company are short sold.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Several large investors have recently modified their holdings of AAPD. Optiver Holding B.V. bought a new position in Direxion Daily AAPL Bear 1X Shares in the 4th quarter worth $355,000. Rossby Financial LCC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at about $191,000. Advisory Services Network LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter worth about $1,077,000. Virtu Financial LLC lifted its position in shares of Direxion Daily AAPL Bear 1X Shares by 114.8% during the 4th quarter. Virtu Financial LLC now owns 36,527 shares of the company’s stock worth $557,000 after purchasing an additional 19,519 shares during the last quarter. Finally, PayPay Securities Corp acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth about $64,000.

Direxion Daily AAPL Bear 1X Shares Stock Performance

AAPD opened at $17.38 on Friday. The business has a 50 day moving average price of $16.57 and a 200 day moving average price of $16.46. Direxion Daily AAPL Bear 1X Shares has a twelve month low of $14.70 and a twelve month high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.1176 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, March 25th.

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.