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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 101,900 shares, a decline of 37.1% from the November 30th total of 162,100 shares. Based on an average daily volume of 277,400 shares, the days-to-cover ratio is currently 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 business’s 50 day moving average is $16.23 and its two-hundred day moving average is $16.94.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. bought a new position in Direxion Daily AAPL Bear 1X Shares in the third quarter worth $197,000. Virtu Financial LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $280,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $295,000. Finally, Ridgecrest Wealth Partners LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth 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.