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

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

Direxion Daily AAPL Bear 1X Shares Price Performance

Direxion Daily AAPL Bear 1X Shares stock opened at $16.08 on Thursday. The business’s fifty day moving average is $15.97 and its two-hundred day moving average is $16.70. 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 business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.1606 per share. The ex-dividend date was Monday, December 23rd.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth approximately $280,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $295,000. Ridgecrest Wealth Partners LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares in the third quarter valued at approximately $540,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at $197,000.

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.