Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 53.7% in April

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 138,592 shares, a decrease of 53.7% from the April 15th total of 299,469 shares. Approximately 12.6% of the shares of the company are sold short. Based on an average trading volume of 5,004,875 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily AAPL Bear 1X Shares Stock Up 0.3%

Direxion Daily AAPL Bear 1X Shares stock opened at $11.88 on Friday. The stock has a 50 day moving average of $13.44 and a two-hundred day moving average of $13.34. Direxion Daily AAPL Bear 1X Shares has a twelve month low of $11.75 and a twelve month high of $18.64.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.0838 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.34 annualized dividend and a dividend yield of 2.8%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth $438,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $201,000. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $349,000. Cibc World Market Inc. raised its holdings in Direxion Daily AAPL Bear 1X Shares by 41.9% during the third quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock worth $666,000 after purchasing an additional 14,055 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in Direxion Daily AAPL Bear 1X Shares by 106.8% during the third quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after purchasing an additional 117,760 shares in the last quarter.

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.