Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Update

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 129,300 shares, an increase of 105.9% from the February 28th total of 62,800 shares. Based on an average daily volume of 1,097,200 shares, the short-interest ratio is presently 0.1 days. Currently, 8.9% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at $1,077,000. Virtu Financial LLC increased its stake in Direxion Daily AAPL Bear 1X Shares by 114.8% in the fourth quarter. Virtu Financial LLC now owns 36,527 shares of the company’s stock valued at $557,000 after acquiring an additional 19,519 shares during the last quarter. Optiver Holding B.V. purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the fourth quarter worth approximately $355,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth approximately $295,000. Finally, Rossby Financial LCC bought a new stake in Direxion Daily AAPL Bear 1X Shares in the fourth quarter worth $191,000.

Direxion Daily AAPL Bear 1X Shares Stock Up 2.7 %

NASDAQ AAPD opened at $17.38 on Friday. The firm’s 50-day simple moving average is $16.57 and its two-hundred day simple moving average is $16.45. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $14.70 and a 52 week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.1176 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.47 dividend on an annualized basis and a yield of 2.71%.

Direxion Daily AAPL Bear 1X Shares 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.