Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Stock Price Up 0.1% – Should You Buy?

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)’s share price rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $13.78 and last traded at $13.70. Approximately 10,051,470 shares were traded during trading, an increase of 13% from the average daily volume of 8,857,138 shares. The stock had previously closed at $13.68.

Direxion Daily AAPL Bear 1X Shares Stock Performance

The firm’s 50-day simple moving average is $13.66 and its 200-day simple moving average is $13.52.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 yield of 2.4%.

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

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

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.