Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Grows By 489.6%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,676,689 shares, an increase of 489.6% from the July 15th total of 284,385 shares. Currently, 44.1% of the company’s stock are short sold. Based on an average daily trading volume, of 13,529,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Genesis Financial Group LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the first quarter valued at approximately $1,603,000. PayPay Securities Corp lifted its stake in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% in the fourth quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after buying an additional 796 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Direxion Daily AAPL Bear 1X Shares by 66.9% during the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after buying an additional 34,561 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Direxion Daily AAPL Bear 1X Shares by 106.8% during the 3rd quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after buying an additional 117,760 shares during the period. Finally, Jump Financial LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at $202,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

AAPD stock opened at $11.39 on Wednesday. The firm has a 50 day moving average of $11.38 and a two-hundred day moving average of $12.54. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $10.14 and a 12 month high of $16.08.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.0793 per share. This represents a $0.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, June 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.