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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 921,700 shares, a growth of 891.1% from the January 15th total of 93,000 shares. Based on an average trading volume of 636,600 shares, the days-to-cover ratio is presently 1.4 days.

Direxion Daily AAPL Bear 1X Shares Trading Down 1.2 %

NASDAQ AAPD traded down $0.20 during trading hours on Wednesday, reaching $16.20. 594,419 shares of the company traded hands, compared to its average volume of 1,033,544. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $14.70 and a 12 month high of $23.72. The company has a 50 day moving average of $15.94 and a two-hundred day moving average of $16.64.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The business also recently disclosed 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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AAPD. Sterling Investment Advisors Ltd. acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth $197,000. Ridgecrest Wealth Partners LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth $540,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth $295,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $280,000. Finally, PayPay Securities Corp acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter worth about $64,000.

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.