Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 42.5% in May

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

Direxion Daily AAPL Bear 1X Shares Trading Down 1.8%

Shares of Direxion Daily AAPL Bear 1X Shares stock opened at $11.94 on Tuesday. The business’s fifty day simple moving average is $12.43 and its 200 day simple moving average is $13.11. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $11.16 and a 12 month high of $18.53.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

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

Institutional Investors Weigh In On Direxion Daily AAPL Bear 1X Shares

A number of hedge funds have recently made changes to their positions in AAPD. Jump Financial LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth $438,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter valued at $201,000. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter valued at $349,000. Cibc World Market Inc. raised its stake in shares of Direxion Daily AAPL Bear 1X Shares by 41.9% during the 3rd quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock valued at $666,000 after purchasing an additional 14,055 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Direxion Daily AAPL Bear 1X Shares by 106.8% during the 3rd quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock valued at $3,192,000 after purchasing an additional 117,760 shares during the period.

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.