Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) Sees Significant Decline in Short Interest

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

Direxion Daily AAPL Bear 1X ETF Trading Down 1.0%

AAPD traded down $0.10 during trading hours on Monday, hitting $10.10. The company’s stock had a trading volume of 3,614,668 shares, compared to its average volume of 8,654,817. The business’s 50-day moving average price is $10.76 and its 200-day moving average price is $11.66. Direxion Daily AAPL Bear 1X ETF has a 12 month low of $9.92 and a 12 month high of $14.63.

Institutional Trading of Direxion Daily AAPL Bear 1X ETF

An institutional investor recently bought a new stake in Direxion Daily AAPL Bear 1X ETF stock. Genesis Financial Group LLC purchased a new stake in Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 114,850 shares of the company’s stock, valued at approximately $1,603,000. Direxion Daily AAPL Bear 1X ETF comprises about 1.0% of Genesis Financial Group LLC’s portfolio, making the stock its 28th largest holding. Genesis Financial Group LLC owned 10.44% of Direxion Daily AAPL Bear 1X ETF at the end of the most recent quarter.

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.