Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Rises By 489.6%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,676,689 shares, an increase of 489.6% from the July 15th total of 284,385 shares. Based on an average daily trading volume, of 13,529,700 shares, the short-interest ratio is currently 0.1 days. Approximately 44.1% of the company’s stock are sold short.

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

Large investors have recently added to or reduced their stakes in the business. PayPay Securities Corp increased its holdings in Direxion Daily AAPL Bear 1X Shares by 27.6% during the 4th quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after purchasing an additional 796 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at approximately $201,000. Jump Financial LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at approximately $202,000. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter valued at approximately $349,000. Finally, Susquehanna International Group LLP boosted its position in shares of Direxion Daily AAPL Bear 1X Shares by 66.9% during the third 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.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.3%

Shares of Direxion Daily AAPL Bear 1X Shares stock traded down $0.03 during trading hours on Thursday, reaching $11.46. The company’s stock had a trading volume of 6,304,684 shares, compared to its average volume of 8,658,035. Direxion Daily AAPL Bear 1X Shares has a one year low of $10.14 and a one year high of $16.08. The stock’s fifty day simple moving average is $11.38 and its two-hundred day simple moving average is $12.52.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.0793 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 23rd.

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.