Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 426,067 shares, a decline of 64.5% from the September 15th total of 1,199,942 shares. Approximately 21.5% of the company’s shares are short sold. Based on an average daily trading volume, of 6,363,682 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On Direxion Daily AAPL Bear 1X ETF
A hedge fund recently bought a new stake in Direxion Daily AAPL Bear 1X ETF stock. Genesis Financial Group LLC bought a new stake in Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 114,850 shares of the company’s stock, valued at approximately $1,603,000. Direxion Daily AAPL Bear 1X ETF comprises 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 at the end of the most recent quarter.
Direxion Daily AAPL Bear 1X ETF Stock Performance
NASDAQ AAPD opened at $10.06 on Wednesday. The business’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $11.60. Direxion Daily AAPL Bear 1X ETF has a 12 month low of $9.86 and a 12 month high of $14.63.
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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