Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Sees Large Growth in Short Interest

Posted by Defense World Staff on Dec 13th, 2024

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD – Get Free Report) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 162,100 shares, an increase of 1,074.6% from the November 15th total of 13,800 shares. Based on an average daily trading volume, of 267,900 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily AAPL Bear 1X Shares Trading Down 0.6 %

NASDAQ:AAPD opened at $15.56 on Friday. Direxion Daily AAPL Bear 1X Shares has a 12-month low of $15.38 and a 12-month high of $23.72. The stock has a fifty day moving average price of $16.57 and a 200 day moving average price of $17.33.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1472 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Tuesday, September 24th.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares in the third quarter valued at $280,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the third quarter worth approximately $295,000. Ridgecrest Wealth Partners LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $540,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $197,000.

About Direxion Daily AAPL Bear 1X Shares

(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.