Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 74.7% in August

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 424,870 shares, a drop of 74.7% from the July 30th total of 1,676,689 shares. Currently, 11.2% of the company’s shares are sold short. Based on an average trading volume of 7,753,012 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily AAPL Bear 1X Shares Trading Down 0.7%

Shares of AAPD traded down $0.08 on Friday, reaching $10.99. 1,484,060 shares of the company’s stock were exchanged, compared to its average volume of 8,492,225. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $10.14 and a 12 month high of $15.93. The business has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $12.35.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.0793 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.32 annualized dividend and a dividend yield of 2.9%.

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

A number of large investors have recently added to or reduced their stakes in AAPD. Jane Street Group LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the 2nd quarter valued at $201,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth about $202,000. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the second quarter worth approximately $349,000. Susquehanna International Group LLP lifted its position in Direxion Daily AAPL Bear 1X Shares by 66.9% during the third 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 during the last quarter. Finally, Genesis Financial Group LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth approximately $1,603,000.

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.