Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Decreases By 74.7%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPDGet Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 424,870 shares, a decrease of 74.7% from the July 30th total of 1,676,689 shares. Based on an average trading volume of 7,753,012 shares, the days-to-cover ratio is presently 0.1 days. Approximately 11.2% of the company’s stock are sold short.

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

Hedge funds have recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter worth about $438,000. Jane Street Group LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the second quarter worth $201,000. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth about $349,000. Citadel Advisors LLC grew its holdings in Direxion Daily AAPL Bear 1X Shares by 106.8% in the third quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock valued at $3,192,000 after purchasing an additional 117,760 shares during the period. Finally, Susquehanna International Group LLP grew its stake in Direxion Daily AAPL Bear 1X Shares by 66.9% in the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock valued at $1,207,000 after acquiring an additional 34,561 shares during the period.

Direxion Daily AAPL Bear 1X Shares Stock Performance

NASDAQ AAPD remained flat at $11.10 during midday trading on Thursday. The company’s stock had a trading volume of 5,063,417 shares, compared to its average volume of 8,531,215. Direxion Daily AAPL Bear 1X Shares has a 1-year low of $10.14 and a 1-year high of $15.93. The firm has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $12.36.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.0793 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.9%.

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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