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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 138,592 shares, a decrease of 53.7% from the April 15th total of 299,469 shares. Approximately 12.6% of the shares of the company are sold short. Based on an average daily trading volume, of 5,004,875 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily AAPL Bear 1X Shares Price Performance

AAPD opened at $11.88 on Friday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $11.75 and a 12 month high of $18.64. The business has a 50 day simple moving average of $13.44 and a 200-day simple moving average of $13.34.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

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

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. PayPay Securities Corp increased its holdings in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% in the 4th quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock valued at $48,000 after purchasing an additional 796 shares in the last quarter. Jane Street Group LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $201,000. Jump Financial LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth about $202,000. Tower Research Capital LLC TRC purchased a new position in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $349,000. Finally, Cibc World Market Inc. increased its holdings in Direxion Daily AAPL Bear 1X Shares by 41.9% in the third quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock valued at $666,000 after buying an additional 14,055 shares in the last quarter.

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.