Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Declines By 86.1%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 127,700 shares, a decline of 86.1% from the January 31st total of 921,700 shares. Based on an average daily trading volume, of 737,500 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily AAPL Bear 1X Shares Trading Up 1.3 %

Shares of Direxion Daily AAPL Bear 1X Shares stock opened at $16.09 on Friday. Direxion Daily AAPL Bear 1X Shares has a 52-week low of $14.70 and a 52-week high of $23.72. The stock has a 50-day simple moving average of $15.96 and a 200-day simple moving average of $16.47.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.1606 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily AAPL Bear 1X Shares

Several institutional investors have recently made changes to their positions in AAPD. Ridgecrest Wealth Partners LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter valued at about $540,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter valued at about $295,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 3rd quarter valued at about $280,000. PayPay Securities Corp acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter valued at about $64,000. Finally, Advisory Services Network LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the 4th quarter worth approximately $1,077,000.

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.