Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Sees Large Growth in Short Interest

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a significant increase in short interest in 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. Currently, 44.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. PayPay Securities Corp raised its stake in Direxion Daily AAPL Bear 1X Shares by 27.6% in the fourth quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock valued at $48,000 after purchasing an additional 796 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 2nd quarter valued at approximately $201,000. Jump Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 4th quarter valued at approximately $202,000. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth 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 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after acquiring an additional 34,561 shares in the last quarter.

Direxion Daily AAPL Bear 1X Shares Trading Down 1.0%

Shares of AAPD stock opened at $11.38 on Friday. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $10.14 and a 1 year high of $16.08. The stock has a 50 day simple moving average of $11.38 and a 200 day simple moving average of $12.50.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.0793 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.32 annualized dividend and a yield of 2.8%.

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.