Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Increases By 34.3%

Posted by Adam Masters on Jan 30th, 2025

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD – Get Free Report) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 136,900 shares, an increase of 34.3% from the December 31st total of 101,900 shares. Based on an average daily volume of 366,500 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily AAPL Bear 1X Shares Trading Down 0.4 %

AAPD opened at $15.96 on Thursday. Direxion Daily AAPL Bear 1X Shares has a one year low of $14.70 and a one year high of $23.72. The business’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $16.69.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The company also recently disclosed 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 was Monday, December 23rd.

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

A number of institutional investors have recently modified their holdings of AAPD. Sterling Investment Advisors Ltd. purchased a new position in Direxion Daily AAPL Bear 1X Shares during the 3rd quarter worth $197,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $280,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $295,000. Finally, Ridgecrest Wealth Partners LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the 3rd quarter valued at about $540,000.

Direxion Daily AAPL Bear 1X Shares Company Profile

(Get Free Report)

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.