Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Decreases By 60.8%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 13,800 shares, a decrease of 60.8% from the October 31st total of 35,200 shares. Based on an average daily volume of 296,000 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of NASDAQ:AAPD opened at $16.39 on Thursday. The business’s 50 day simple moving average is $16.79 and its 200 day simple moving average is $17.66. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $16.13 and a 1 year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.1472 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.59 dividend on an annualized basis and a yield of 3.59%.

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

Several hedge funds have recently bought and sold shares of the company. Hamilton Wealth LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the first quarter valued at about $259,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at approximately $197,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter valued at approximately $280,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth approximately $295,000. Finally, Ridgecrest Wealth Partners LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at approximately $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.