Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Rises By 141.1%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 35,200 shares, a growth of 141.1% from the October 15th total of 14,600 shares. Based on an average trading volume of 316,200 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.5 %

Shares of NASDAQ:AAPD opened at $17.05 on Thursday. The stock’s 50-day moving average is $16.95 and its 200-day moving average is $18.03. Direxion Daily AAPL Bear 1X Shares has a 52-week low of $16.13 and a 52-week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.1472 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

A number of hedge funds have recently made changes to their positions in the business. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth approximately $259,000. Sterling Investment Advisors Ltd. bought a new position in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth approximately $197,000. Sugar Maple Asset Management LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter valued at about $317,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter valued at approximately $416,000. Finally, Ridgecrest Wealth Partners LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $540,000.

About Direxion Daily AAPL Bear 1X Shares

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.