Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 25.3% in August

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 45,800 shares, a decrease of 25.3% from the August 15th total of 61,300 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily volume of 1,208,200 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,208,200 shares, the short-interest ratio is presently 0.0 days. Currently, 2.8% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of AAPD. IMC Chicago LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the first quarter valued at $305,000. Jump Financial LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter valued at $438,000. Tower Research Capital LLC TRC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter valued at $349,000. Jane Street Group LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter valued at $201,000. Finally, Trek Financial LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter valued at $8,603,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of NASDAQ AAPD opened at $15.11 on Wednesday. The firm has a fifty day moving average price of $16.23 and a 200-day moving average price of $17.25. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $14.70 and a 1 year high of $21.96.

Direxion Daily AAPL Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Direxion Daily AAPL Bear 1X Shares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, June 24th.

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.