Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 34.3% in December

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth $280,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth $295,000. Ridgecrest Wealth Partners LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $540,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at approximately $197,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

NASDAQ AAPD opened at $16.08 on Thursday. The stock has a 50 day moving average of $15.97 and a 200-day moving average of $16.70. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $14.70 and a 12 month high of $23.72.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

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

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.