Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 34.3% in January

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 136,900 shares, an increase of 34.3% from the December 31st total of 101,900 shares. Based on an average daily trading volume, of 366,500 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Direxion Daily AAPL Bear 1X Shares stock opened at $16.08 on Friday. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $14.70 and a fifty-two week high of $23.72. The company’s 50-day moving average is $15.92 and its 200-day moving average is $16.68.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.1606 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AAPD. PayPay Securities Corp acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at approximately $64,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth $197,000. Virtu Financial LLC bought a new position 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 Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $295,000. Finally, Ridgecrest Wealth Partners LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $540,000.

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.