Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 23.4% in August

Posted by Max Byerly on Sep 17th, 2024

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 103,800 shares, a drop of 23.4% from the August 15th total of 135,500 shares. Based on an average daily trading volume, of 434,100 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $45,000. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter worth $259,000. Sugar Maple Asset Management LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter worth $317,000. Ridgecrest Wealth Partners LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the first quarter valued at $403,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter valued at about $416,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of NASDAQ:AAPD opened at $17.85 on Tuesday. The business has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $19.74. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $16.21 and a fifty-two week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were issued a dividend of $0.2117 per share. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $0.85 annualized dividend and a dividend yield of 4.74%.

Direxion Daily AAPL Bear 1X Shares Company Profile

(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.