Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Drops By 74.7%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 424,870 shares, a decrease of 74.7% from the July 30th total of 1,676,689 shares. Currently, 11.2% of the company’s shares are sold short. Based on an average daily volume of 7,753,012 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently modified their holdings of the company. Citadel Advisors LLC lifted its position in shares of Direxion Daily AAPL Bear 1X Shares by 106.8% during the 3rd quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after buying an additional 117,760 shares during the last quarter. Genesis Financial Group LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 1st quarter worth $1,603,000. Susquehanna International Group LLP lifted its position in Direxion Daily AAPL Bear 1X Shares by 66.9% in the third quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock valued at $1,207,000 after acquiring an additional 34,561 shares during the last quarter. Jump Financial LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $438,000. Finally, Tower Research Capital LLC TRC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $349,000.

Direxion Daily AAPL Bear 1X Shares Stock Down 1.5%

AAPD traded down $0.17 on Friday, hitting $10.90. The company had a trading volume of 9,747,752 shares, compared to its average volume of 8,545,183. The company’s fifty day moving average price is $11.21 and its 200 day moving average price is $12.33. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $10.14 and a 1 year high of $15.93.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.0793 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%.

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.