Short Interest in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Decreases By 74.7%

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,600 shares, a decline of 74.7% from the August 31st total of 45,800 shares. Based on an average daily volume of 1,304,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,304,400 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.4%

Shares of AAPD stock opened at $13.95 on Thursday. Direxion Daily AAPL Bear 1X Shares has a 12 month low of $13.78 and a 12 month high of $21.96. The company has a 50 day simple moving average of $15.61 and a two-hundred day simple moving average of $17.05.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of AAPD. PayPay Securities Corp boosted its stake in Direxion Daily AAPL Bear 1X Shares by 103.0% in the 2nd quarter. PayPay Securities Corp now owns 3,094 shares of the company’s stock worth $54,000 after purchasing an additional 1,570 shares in the last quarter. Jane Street Group LLC acquired a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter worth $201,000. Rossby Financial LCC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth $263,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the first quarter worth $305,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $349,000.

Direxion Daily AAPL Bear 1X Shares Company Profile

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.