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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 162,100 shares, a growth of 1,074.6% from the November 15th total of 13,800 shares. Based on an average daily volume of 267,900 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Shares of AAPD stock opened at $15.56 on Friday. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $15.38 and a fifty-two week high of $23.72. The business has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $17.33.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1472 per share. This represents a $0.59 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Several institutional investors and hedge funds have recently modified their holdings of the business. Sterling Investment Advisors Ltd. purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth approximately $197,000. Virtu Financial LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter valued at $280,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the third quarter worth $295,000. Finally, Ridgecrest Wealth Partners LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter worth $540,000.

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.