Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Rises By 105.9%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 129,300 shares, a growth of 105.9% from the February 28th total of 62,800 shares. Based on an average daily volume of 1,097,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.9% of the company’s shares are sold short.

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

A number of institutional investors have recently bought and sold shares of AAPD. Advisory Services Network LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth approximately $1,077,000. Virtu Financial LLC increased its stake in Direxion Daily AAPL Bear 1X Shares by 114.8% during the fourth quarter. Virtu Financial LLC now owns 36,527 shares of the company’s stock worth $557,000 after acquiring an additional 19,519 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter worth about $355,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $295,000. Finally, Rossby Financial LCC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth about $191,000.

Direxion Daily AAPL Bear 1X Shares Trading Up 2.7 %

NASDAQ AAPD opened at $17.38 on Friday. The business’s 50-day moving average price is $16.57 and its 200 day moving average price is $16.46. Direxion Daily AAPL Bear 1X Shares has a twelve month low of $14.70 and a twelve month high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.1176 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.47 annualized dividend and a dividend yield of 2.71%.

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.