Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Short Interest Up 1,074.6% in November

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 162,100 shares, an increase of 1,074.6% from the November 15th total of 13,800 shares. Based on an average trading volume of 267,900 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily AAPL Bear 1X Shares Stock Performance

Shares of AAPD traded down $0.11 on Wednesday, hitting $15.46. 152,577 shares of the stock traded hands, compared to its average volume of 299,271. The stock’s 50 day moving average is $16.63 and its two-hundred day moving average is $17.35. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $15.38 and a 1 year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1472 dividend. This represents a $0.59 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

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

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.