Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 141.1% in October

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 35,200 shares, an increase of 141.1% from the October 15th total of 14,600 shares. Based on an average daily volume of 316,200 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Shares of AAPD opened at $17.14 on Wednesday. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $16.13 and a 1 year high of $23.72. The stock’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $18.07.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.1472 per share. This represents a $0.59 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAPD. Sterling Investment Advisors Ltd. bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $197,000. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth $259,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth $317,000. Virtu Financial LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter worth $416,000. Finally, Ridgecrest Wealth Partners LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter valued at $540,000.

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.