Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Trading Up 0.8% – Time to Buy?

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)’s share price shot up 0.8% during trading on Tuesday . The company traded as high as $11.22 and last traded at $11.12. Approximately 11,114,011 shares traded hands during trading, an increase of 35% from the average daily volume of 8,228,035 shares. The stock had previously closed at $11.03.

Direxion Daily AAPL Bear 1X Shares Price Performance

The stock has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $12.91.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.0793 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PayPay Securities Corp grew its stake in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% during the 4th quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after purchasing an additional 796 shares during the period. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter valued at about $201,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the fourth quarter valued at about $202,000. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $349,000. Finally, Susquehanna International Group LLP grew its position in Direxion Daily AAPL Bear 1X Shares by 66.9% during the third quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after buying an additional 34,561 shares during the period.

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.