Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) Shares Shorted: Short Interest Up 105.7% in September

Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,199,942 shares, a growth of 105.7% from the August 31st total of 583,372 shares. Based on an average daily volume of 14,122,118 shares, the days-to-cover ratio is presently 0.1 days. Approximately 74.1% of the shares of the company are short sold.

Direxion Daily AAPL Bear 1X ETF Trading Up 2.1%

Direxion Daily AAPL Bear 1X ETF stock traded up $0.21 during midday trading on Tuesday, reaching $10.35. The company had a trading volume of 3,461,647 shares, compared to its average volume of 8,762,475. The firm’s fifty day simple moving average is $10.82 and its 200-day simple moving average is $11.90. Direxion Daily AAPL Bear 1X ETF has a 12-month low of $9.92 and a 12-month high of $14.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Direxion Daily AAPL Bear 1X ETF stock. Genesis Financial Group LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 114,850 shares of the company’s stock, valued at approximately $1,603,000. Direxion Daily AAPL Bear 1X ETF accounts for 1.0% of Genesis Financial Group LLC’s portfolio, making the stock its 28th largest holding. Genesis Financial Group LLC owned approximately 10.44% of Direxion Daily AAPL Bear 1X ETF at the end of the most recent reporting period.

Direxion Daily AAPL Bear 1X ETF 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.