Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Decreases By 50.8%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 62,800 shares, a drop of 50.8% from the February 13th total of 127,700 shares. Based on an average trading volume of 907,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at approximately $355,000. Rossby Financial LCC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at approximately $191,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at approximately $1,077,000. Virtu Financial LLC grew its stake in shares of Direxion Daily AAPL Bear 1X Shares by 114.8% in the 4th quarter. Virtu Financial LLC now owns 36,527 shares of the company’s stock valued at $557,000 after purchasing an additional 19,519 shares during the last quarter. Finally, PayPay Securities Corp purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at approximately $64,000.

Direxion Daily AAPL Bear 1X Shares Stock Up 3.3 %

AAPD stock opened at $18.15 on Friday. The business’s 50-day moving average is $16.26 and its two-hundred day moving average is $16.43. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $14.70 and a 1 year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

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

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.