Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 141.1% in October

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 35,200 shares, a growth of 141.1% from the October 15th total of 14,600 shares. Based on an average daily trading volume, of 316,200 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily AAPL Bear 1X Shares Trading Up 0.1 %

NASDAQ AAPD opened at $17.14 on Wednesday. The company has a fifty day moving average price of $16.96 and a 200-day moving average price of $18.07. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $16.13 and a 1 year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1472 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily AAPL Bear 1X Shares

Several hedge funds have recently modified their holdings of the company. Sterling Investment Advisors Ltd. purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter valued at approximately $197,000. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $259,000. Sugar Maple Asset Management LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter worth $317,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth about $416,000. Finally, Ridgecrest Wealth Partners LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter worth about $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.