Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Decreases By 37.1%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 101,900 shares, a decrease of 37.1% from the November 30th total of 162,100 shares. Based on an average trading volume of 277,400 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AAPL Bear 1X Shares Trading Up 1.4 %

Shares of AAPD stock opened at $14.96 on Friday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $14.70 and a 12 month high of $23.72. The stock has a 50-day moving average price of $16.23 and a 200 day moving average price of $16.94.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.1606 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Hedge funds have recently modified their holdings of the company. Ridgecrest Wealth Partners LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at $540,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $295,000. Sterling Investment Advisors Ltd. bought a new stake in Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $197,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter valued at $280,000.

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.