Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 53.7% in April

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

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

Hedge funds have recently modified their holdings of the company. PayPay Securities Corp raised its stake in Direxion Daily AAPL Bear 1X Shares by 27.6% during the fourth quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after purchasing an additional 796 shares during the period. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 2nd quarter valued at approximately $201,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth approximately $202,000. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth approximately $349,000. Finally, Cibc World Market Inc. raised its position 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 buying an additional 14,055 shares during the period.

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Direxion Daily AAPL Bear 1X Shares Stock Down 0.8%

NASDAQ:AAPD opened at $11.79 on Friday. Direxion Daily AAPL Bear 1X Shares has a one year low of $11.68 and a one year high of $18.64. The stock has a 50 day moving average price of $13.40 and a 200 day moving average price of $13.33.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

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

About Direxion Daily AAPL Bear 1X Shares

(Get Free Report)

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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