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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 201,762 shares, a growth of 91.3% from the June 15th total of 105,465 shares. Currently, 17.2% of the company’s shares are sold short. Based on an average daily volume of 6,611,476 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily AAPL Bear 1X Shares Stock Down 4.0%

AAPD stock opened at $10.67 on Thursday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $10.64 and a 12 month high of $17.91. The firm’s 50-day moving average is $11.71 and its 200 day moving average is $12.91.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.0793 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.0%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter valued at $438,000. Jane Street Group LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter worth about $201,000. Tower Research Capital LLC TRC bought a new position in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth about $349,000. Citadel Advisors LLC grew its holdings in Direxion Daily AAPL Bear 1X Shares by 106.8% during the 3rd quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after acquiring an additional 117,760 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in Direxion Daily AAPL Bear 1X Shares by 66.9% during the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after acquiring an additional 34,561 shares in the last quarter.

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.