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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 99,617 shares, a decline of 42.5% from the May 14th total of 173,226 shares. Based on an average daily volume of 7,283,327 shares, the days-to-cover ratio is currently 0.0 days. Currently, 9.1% of the shares of the stock are sold short.

Direxion Daily AAPL Bear 1X Shares Stock Down 1.9%

Shares of AAPD traded down $0.23 during trading hours on Monday, hitting $11.93. 2,800,622 shares of the stock were exchanged, compared to its average volume of 8,420,195. Direxion Daily AAPL Bear 1X Shares has a 12-month low of $11.16 and a 12-month high of $18.53. The stock’s 50-day moving average price is $12.46 and its two-hundred day moving average price is $13.12.

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Direxion Daily AAPL Bear 1X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Large investors have recently made changes to their positions in the company. PayPay Securities Corp increased its position in shares of 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth approximately $201,000. Jump Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth approximately $202,000. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth approximately $349,000. Finally, Cibc World Market Inc. increased its position in shares of Direxion Daily AAPL Bear 1X Shares by 41.9% during the third quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock worth $666,000 after purchasing an additional 14,055 shares in the last quarter.

About Direxion Daily AAPL Bear 1X Shares

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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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