Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) Shares Shorted: Short Interest Up 209.6% in October

Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,001,728 shares, a growth of 209.6% from the October 15th total of 323,543 shares. Currently, 22.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,695,212 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily AAPL Bear 1X ETF Stock Down 0.4%

Shares of NASDAQ AAPD traded down $0.04 during midday trading on Thursday, reaching $9.61. 6,049,803 shares of the stock were exchanged, compared to its average volume of 8,639,874. The company has a 50 day simple moving average of $10.21 and a 200 day simple moving average of $11.84. Direxion Daily AAPL Bear 1X ETF has a twelve month low of $9.53 and a twelve month high of $14.63.

Institutional Trading of Direxion Daily AAPL Bear 1X ETF

Several hedge funds have recently made changes to their positions in the business. Cibc World Market Inc. purchased a new position in Direxion Daily AAPL Bear 1X ETF in the 3rd quarter valued at approximately $363,000. StoneX Group Inc. purchased a new stake in Direxion Daily AAPL Bear 1X ETF during the third quarter worth approximately $636,000. Finally, Genesis Financial Group LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X ETF in the 1st quarter valued at $1,603,000.

About Direxion Daily AAPL Bear 1X ETF

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.