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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 99,617 shares, a drop of 42.5% from the May 14th total of 173,226 shares. Based on an average trading volume of 7,283,327 shares, the short-interest ratio is currently 0.0 days. Approximately 9.1% of the company’s shares are sold short.

Direxion Daily AAPL Bear 1X Shares Price Performance

AAPD opened at $12.16 on Friday. The company’s 50 day simple moving average is $12.46 and its 200 day simple moving average is $13.12. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $11.16 and a 1 year high of $18.53.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP raised its stake in shares of 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 valued at $1,207,000 after purchasing an additional 34,561 shares during the period. Citadel Advisors LLC increased its stake in shares of Direxion Daily AAPL Bear 1X Shares by 106.8% in the third quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after buying an additional 117,760 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter worth $438,000. Genesis Financial Group LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter worth $1,603,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter worth $349,000.

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.