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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large drop in short interest in 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 daily volume of 7,753,012 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily AAPL Bear 1X Shares Price Performance

AAPD remained flat at $11.10 on Thursday. The company had a trading volume of 5,063,417 shares, compared to its average volume of 8,531,215. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $10.14 and a fifty-two week high of $15.93. The stock’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $12.36.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

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

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

Several hedge funds and other institutional investors have recently modified their holdings of AAPD. Jump Financial LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the second quarter worth $438,000. Jane Street Group LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the 2nd quarter worth $201,000. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter valued at approximately $349,000. 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 purchasing an additional 117,760 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Direxion Daily AAPL Bear 1X Shares by 66.9% in the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after buying 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.