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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 136,900 shares, an increase of 34.3% from the December 31st total of 101,900 shares. Based on an average trading volume of 366,500 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily AAPL Bear 1X Shares Price Performance

Direxion Daily AAPL Bear 1X Shares stock opened at $16.08 on Friday. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $14.70 and a 52 week high of $23.72. The stock has a fifty day moving average of $15.92 and a 200-day moving average of $16.68.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1606 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

Hedge funds have recently made changes to their positions in the stock. PayPay Securities Corp bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth $64,000. Sterling Investment Advisors Ltd. acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $197,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter valued at about $280,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth approximately $295,000. Finally, Ridgecrest Wealth Partners LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth approximately $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.