Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Update

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 99,617 shares, a decline of 42.5% from the May 14th total of 173,226 shares. Currently, 9.1% of the company’s shares are short sold. Based on an average daily trading volume, of 7,283,327 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily AAPL Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% during 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $201,000. Cibc World Market Inc. grew its holdings in shares of 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 buying an additional 14,055 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth about $202,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $349,000.

Direxion Daily AAPL Bear 1X Shares Trading Up 1.5%

Shares of NASDAQ AAPD opened at $12.16 on Friday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $11.16 and a 12 month high of $18.53. The company has a 50-day simple moving average of $12.46 and a 200-day simple moving average of $13.12.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

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

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.