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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 13,800 shares, a decrease of 60.8% from the October 31st total of 35,200 shares. Based on an average trading volume of 296,000 shares, the days-to-cover ratio is currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in AAPD. Virtu Financial LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter valued at approximately $416,000. Hamilton Wealth LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the first quarter worth $259,000. Sterling Investment Advisors Ltd. purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the third quarter worth $197,000. Ridgecrest Wealth Partners LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the third quarter worth $540,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the third quarter worth $295,000.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Shares of Direxion Daily AAPL Bear 1X Shares stock opened at $16.39 on Friday. The business has a 50 day moving average of $16.78 and a 200 day moving average of $17.65. Direxion Daily AAPL Bear 1X Shares has a 52 week low of $16.13 and a 52 week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1472 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.59%.

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.