Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 891.1% in January

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 921,700 shares, an increase of 891.1% from the January 15th total of 93,000 shares. Based on an average trading volume of 636,600 shares, the short-interest ratio is presently 1.4 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PayPay Securities Corp purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth $64,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $197,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $280,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $295,000. Finally, Ridgecrest Wealth Partners LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $540,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of AAPD stock opened at $16.09 on Thursday. The company’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $16.64. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $14.70 and a 52 week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

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