Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) Stock Short Interest Rises 209.6%

Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) saw a significant growth in short interest in the month of 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 days-to-cover ratio is presently 0.1 days. Currently, 22.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Genesis Financial Group LLC purchased a new position in Direxion Daily AAPL Bear 1X ETF during the 1st quarter valued at about $1,603,000. StoneX Group Inc. acquired a new position in Direxion Daily AAPL Bear 1X ETF during the 3rd quarter valued at about $636,000. Finally, Cibc World Market Inc. bought a new position in Direxion Daily AAPL Bear 1X ETF during the 3rd quarter worth approximately $363,000.

Direxion Daily AAPL Bear 1X ETF Stock Down 0.7%

NASDAQ AAPD traded down $0.07 during mid-day trading on Friday, reaching $9.59. 4,193,189 shares of the stock were exchanged, compared to its average volume of 8,638,536. Direxion Daily AAPL Bear 1X ETF has a 1-year low of $9.50 and a 1-year high of $14.63. The business’s fifty day simple moving average is $10.18 and its 200 day simple moving average is $11.82.

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.