Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 489.6% in July

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,676,689 shares, a growth of 489.6% from the July 15th total of 284,385 shares. Based on an average daily volume of 13,529,700 shares, the short-interest ratio is presently 0.1 days. Approximately 44.1% of the shares of the company are short sold.

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

Several large investors have recently added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% during the 4th quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after purchasing an additional 796 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter valued at approximately $201,000. Jump Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at $202,000. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $349,000. Finally, Susquehanna International Group LLP lifted its position in Direxion Daily AAPL Bear 1X Shares by 66.9% in the third quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after purchasing an additional 34,561 shares during the period.

Direxion Daily AAPL Bear 1X Shares Trading Up 1.0%

Shares of AAPD stock opened at $11.39 on Wednesday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $10.14 and a 12 month high of $16.08. The stock has a 50 day moving average of $11.38 and a 200-day moving average of $12.54.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0793 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 23rd.

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.