Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Trading 1.3% Higher – Still a Buy?

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) traded up 1.3% on Friday . The stock traded as high as $11.54 and last traded at $11.53. 14,218,449 shares were traded during trading, an increase of 71% from the average session volume of 8,292,973 shares. The stock had previously closed at $11.38.

Direxion Daily AAPL Bear 1X Shares Stock Performance

The company has a 50-day moving average of $12.67 and a two-hundred day moving average of $13.16.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.0838 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.34 annualized dividend and a dividend yield of 2.9%.

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

Several hedge funds have recently made changes to their positions in AAPD. Jump Financial LLC bought a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter valued at approximately $438,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter worth $201,000. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter worth $349,000. Cibc World Market Inc. grew its stake in shares of Direxion Daily AAPL Bear 1X Shares by 41.9% in the third quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock worth $666,000 after acquiring an additional 14,055 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Direxion Daily AAPL Bear 1X Shares by 106.8% in the third quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after acquiring an additional 117,760 shares during the last quarter.

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.