Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Trading Down 2.5% – Here’s What Happened

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) were down 2.5% during mid-day trading on Wednesday . The company traded as low as $12.78 and last traded at $12.90. Approximately 16,752,957 shares were traded during mid-day trading, an increase of 193% from the average daily volume of 5,714,201 shares. The stock had previously closed at $13.23.

Direxion Daily AAPL Bear 1X Shares Stock Performance

The company’s 50 day moving average price is $13.34 and its 200 day moving average price is $14.26.

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

Several institutional investors have recently bought and sold shares of AAPD. PayPay Securities Corp lifted its position in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% in the fourth quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after buying an additional 796 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter valued at about $201,000. Cibc World Market Inc. raised its stake in shares of Direxion Daily AAPL Bear 1X Shares by 41.9% in the 3rd quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock valued at $666,000 after acquiring an additional 14,055 shares in the last quarter. Rossby Financial LCC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the 2nd quarter worth approximately $263,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AAPL Bear 1X Shares in the 2nd quarter worth approximately $349,000.

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.