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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 201,762 shares, an increase of 91.3% from the June 15th total of 105,465 shares. Based on an average daily trading volume, of 6,611,476 shares, the short-interest ratio is presently 0.0 days. Currently, 17.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in Direxion Daily AAPL Bear 1X Shares by 106.8% during the 3rd 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 during the last quarter. Genesis Financial Group LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at about $1,603,000. Susquehanna International Group LLP grew its position in shares of Direxion Daily AAPL Bear 1X Shares by 66.9% in the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock valued at $1,207,000 after buying an additional 34,561 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $438,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $349,000.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Direxion Daily AAPL Bear 1X Shares stock opened at $10.48 on Friday. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $10.44 and a 1 year high of $17.91. The business has a 50-day moving average of $11.64 and a 200-day moving average of $12.88.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.0793 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.32 annualized dividend and a dividend yield of 3.0%.

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.