Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Down 50.8% in February

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 62,800 shares, a drop of 50.8% from the February 13th total of 127,700 shares. Based on an average daily volume of 907,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.3% of the shares of the company are sold short.

Direxion Daily AAPL Bear 1X Shares Stock Down 1.7 %

Shares of NASDAQ AAPD opened at $17.85 on Friday. The stock has a fifty day moving average price of $16.31 and a 200 day moving average price of $16.44. Direxion Daily AAPL Bear 1X Shares has a 1-year low of $14.70 and a 1-year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth approximately $355,000. Rossby Financial LCC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth $191,000. Advisory Services Network LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at $1,077,000. Virtu Financial LLC boosted its position in shares of Direxion Daily AAPL Bear 1X Shares by 114.8% during the 4th quarter. Virtu Financial LLC now owns 36,527 shares of the company’s stock worth $557,000 after purchasing an additional 19,519 shares in the last quarter. Finally, PayPay Securities Corp acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 4th quarter worth $64,000.

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.