Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 65.4% in October

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 14,600 shares, a decrease of 65.4% from the September 30th total of 42,200 shares. Based on an average daily trading volume, of 364,800 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily AAPL Bear 1X Shares Trading Down 0.2 %

Shares of NASDAQ AAPD opened at $16.61 on Friday. Direxion Daily AAPL Bear 1X Shares has a one year low of $16.13 and a one year high of $23.72. The firm’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $18.60.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1472 per share. This represents a $0.59 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Tuesday, September 24th.

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

A number of large investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter valued at about $259,000. Ridgecrest Wealth Partners LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $403,000. IMC Chicago LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $494,000. Virtu Financial LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares in the first quarter valued at approximately $416,000. Finally, Sterling Investment Advisors Ltd. purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter valued at approximately $197,000.

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.