Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Trading Down 0.2% – Here’s What Happened

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)’s share price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $13.64 and last traded at $13.67. 2,242,212 shares traded hands during trading, a decline of 34% from the average session volume of 3,401,502 shares. The stock had previously closed at $13.70.

Direxion Daily AAPL Bear 1X Shares Stock Down 0.2%

The firm has a 50 day moving average price of $13.12 and a 200-day moving average price of $14.61.

Hedge Funds Weigh In On Direxion Daily AAPL Bear 1X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PayPay Securities Corp raised its holdings in Direxion Daily AAPL Bear 1X Shares by 103.0% during the second quarter. PayPay Securities Corp now owns 3,094 shares of the company’s stock worth $54,000 after purchasing an additional 1,570 shares in the last quarter. Jane Street Group LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth $201,000. Rossby Financial LCC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $263,000. Tower Research Capital LLC TRC acquired a new position in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $349,000. Finally, Jump Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the second quarter worth about $438,000.

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.