Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Decreases By 53.7%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 138,592 shares, a drop of 53.7% from the April 15th total of 299,469 shares. Based on an average daily trading volume, of 5,004,875 shares, the days-to-cover ratio is currently 0.0 days. Currently, 12.6% of the shares of the company are short sold.

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

A number of large investors have recently bought and sold shares of AAPD. PayPay Securities Corp lifted its stake in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% in the 4th quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after acquiring an additional 796 shares during the period. Jane Street Group LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $201,000. Jump Financial LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth about $202,000. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $349,000. Finally, Cibc World Market Inc. lifted its position in Direxion Daily AAPL Bear 1X Shares by 41.9% in the third quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock valued at $666,000 after purchasing an additional 14,055 shares during the period.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.8%

AAPD opened at $11.79 on Friday. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $13.33. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $11.68 and a 52 week high of $18.64.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.0838 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, March 24th.

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.