Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Sees Significant Drop in Short Interest

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 127,700 shares, a drop of 86.1% from the January 31st total of 921,700 shares. Based on an average daily volume of 737,500 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily AAPL Bear 1X Shares Trading Down 0.3 %

Shares of AAPD stock traded down $0.05 on Thursday, hitting $15.84. The company’s stock had a trading volume of 341,916 shares, compared to its average volume of 992,258. Direxion Daily AAPL Bear 1X Shares has a fifty-two week low of $14.70 and a fifty-two week high of $23.72. The stock’s 50 day moving average is $15.94 and its 200-day moving average is $16.47.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

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

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. PayPay Securities Corp acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at approximately $64,000. Rossby Financial LCC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the fourth quarter valued at approximately $191,000. Virtu Financial LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the third quarter worth $280,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at $295,000. Finally, Optiver Holding B.V. acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth $355,000.

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.