Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Declines By 32.1%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 93,000 shares, a decline of 32.1% from the December 31st total of 136,900 shares. Based on an average daily trading volume, of 471,900 shares, the short-interest ratio is presently 0.2 days.

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

Large investors have recently bought and sold shares of the company. Ridgecrest Wealth Partners LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $540,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth $295,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth about $280,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $197,000. Finally, PayPay Securities Corp acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth $64,000.

Direxion Daily AAPL Bear 1X Shares Stock Performance

NASDAQ:AAPD opened at $16.19 on Friday. The company’s 50-day simple moving average is $15.91 and its 200-day simple moving average is $16.68. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $14.70 and a fifty-two week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.1606 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.