Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Grows By 257.9%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 203,300 shares, agrowthof257.9% from the July 15th total of 56,800 shares. Based on an average daily trading volume, of 1,118,900 shares, the days-to-cover ratio is presently 0.2 days. Currently,12.5% of the shares of the stock are short sold. Currently,12.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,118,900 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily AAPL Bear 1X Shares Stock Up 0.2%

Shares of NASDAQ AAPD opened at $15.44 on Friday. Direxion Daily AAPL Bear 1X Shares has a 12-month low of $14.70 and a 12-month high of $21.96. The firm’s 50-day moving average is $17.27 and its two-hundred day moving average is $17.32.

Direxion Daily AAPL Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a dividend of $0.121 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This is a positive change from Direxion Daily AAPL Bear 1X Shares’s previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a dividend yield of 3.1%.

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

Several institutional investors and hedge funds have recently modified their holdings of AAPD. PayPay Securities Corp raised its stake in Direxion Daily AAPL Bear 1X Shares by 103.0% during the second quarter. PayPay Securities Corp now owns 3,094 shares of the company’s stock worth $54,000 after purchasing an additional 1,570 shares during the period. Jane Street Group LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter valued at $201,000. Rossby Financial LCC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter valued at $263,000. IMC Chicago LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 1st quarter valued at $305,000. Finally, Optiver Holding B.V. acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 4th quarter valued at $355,000.

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.