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) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 6,695,212 shares, the short-interest ratio is currently 0.1 days. Currently, 22.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cibc World Market Inc. acquired a new stake in Direxion Daily AAPL Bear 1X ETF in the 3rd quarter worth about $363,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily AAPL Bear 1X ETF during the third quarter valued at approximately $636,000. Finally, Genesis Financial Group LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X ETF in the first quarter valued at approximately $1,603,000.

Direxion Daily AAPL Bear 1X ETF Price Performance

Direxion Daily AAPL Bear 1X ETF stock traded down $0.04 during trading on Thursday, reaching $9.61. The company had a trading volume of 6,049,803 shares, compared to its average volume of 8,639,874. The firm’s 50-day simple moving average is $10.21 and its 200 day simple moving average is $11.84. Direxion Daily AAPL Bear 1X ETF has a 1-year low of $9.53 and a 1-year high of $14.63.

Direxion Daily AAPL Bear 1X ETF 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.