Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) Shares Shorted: Short Interest Down 64.5% in September

Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 426,067 shares, a decrease of 64.5% from the September 15th total of 1,199,942 shares. Approximately 21.5% of the company’s stock are short sold. Based on an average trading volume of 6,363,682 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily AAPL Bear 1X ETF Trading Down 1.4%

NASDAQ:AAPD traded down $0.14 during trading hours on Tuesday, reaching $9.92. 2,020,071 shares of the stock were exchanged, compared to its average volume of 8,623,303. The firm has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $11.63. Direxion Daily AAPL Bear 1X ETF has a 52 week low of $9.86 and a 52 week high of $14.63.

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

A hedge fund recently bought a new position in Direxion Daily AAPL Bear 1X ETF stock. Genesis Financial Group LLC bought a new position in shares of Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 114,850 shares of the company’s stock, valued at approximately $1,603,000. Direxion Daily AAPL Bear 1X ETF accounts for approximately 1.0% of Genesis Financial Group LLC’s investment portfolio, making the stock its 28th largest holding. Genesis Financial Group LLC owned 10.44% of Direxion Daily AAPL Bear 1X ETF as of its most recent SEC filing.

About Direxion Daily AAPL Bear 1X ETF

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.