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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 123,900 shares, an increase of 19.4% from the August 31st total of 103,800 shares. Based on an average daily trading volume, of 378,500 shares, the short-interest ratio is presently 0.3 days.

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

A number of hedge funds have recently added to or reduced their stakes in AAPD. Game Plan Financial Advisors LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter worth $45,000. Hamilton Wealth LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter worth $259,000. Sugar Maple Asset Management LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter worth $317,000. Ridgecrest Wealth Partners LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter worth $403,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter valued at $416,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Direxion Daily AAPL Bear 1X Shares stock opened at $16.81 on Friday. The company has a fifty day moving average price of $17.34 and a two-hundred day moving average price of $19.47. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $16.21 and a 12 month high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be issued a $0.1472 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is 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.