Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,199,942 shares, an increase of 105.7% from the August 31st total of 583,372 shares. Approximately 74.1% of the shares of the company are short sold. Based on an average daily volume of 14,122,118 shares, the short-interest ratio is currently 0.1 days.
Direxion Daily AAPL Bear 1X ETF Stock Performance
NASDAQ:AAPD opened at $10.41 on Wednesday. The business has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $11.88. Direxion Daily AAPL Bear 1X ETF has a 12-month low of $9.92 and a 12-month high of $14.63.
Hedge Funds Weigh In On Direxion Daily AAPL Bear 1X ETF
An institutional investor recently bought a new position in Direxion Daily AAPL Bear 1X ETF stock. Genesis Financial Group LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 position. Genesis Financial Group LLC owned 10.44% of Direxion Daily AAPL Bear 1X ETF as of its most recent filing with the Securities & Exchange Commission.
Direxion Daily AAPL Bear 1X ETF 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.
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