Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Stock Price Up 0.5% – Here’s Why

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) shares were up 0.5% during trading on Thursday . The company traded as high as $13.13 and last traded at $13.02. Approximately 7,662,274 shares changed hands during trading, an increase of 17% from the average daily volume of 6,573,997 shares. The stock had previously closed at $12.95.

Direxion Daily AAPL Bear 1X Shares Stock Up 0.5%

The business has a fifty day moving average price of $13.47 and a two-hundred day moving average price of $13.86.

Institutional Trading of Direxion Daily AAPL Bear 1X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wakefield Asset Management LLLP acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the second quarter worth $730,000. Trek Financial LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $8,603,000. Rossby Financial LCC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $263,000. PayPay Securities Corp grew its position in 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. Finally, Cibc World Market Inc. raised its stake in shares of Direxion Daily AAPL Bear 1X Shares by 41.9% during the 3rd quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock valued at $666,000 after buying an additional 14,055 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.