Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Stock Price Up 1.3% – Here’s What Happened

Shares of Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) shot up 1.3% on Friday . The company traded as high as $11.54 and last traded at $11.53. 14,218,449 shares were traded during mid-day trading, an increase of 71% from the average session volume of 8,292,973 shares. The stock had previously closed at $11.38.

Direxion Daily AAPL Bear 1X Shares Stock Up 1.3%

The stock has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $13.16.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.0838 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, March 24th.

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

A number of hedge funds have recently added to or reduced their stakes in AAPD. Jump Financial LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter worth approximately $438,000. Jane Street Group LLC bought a new stake in shares of 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 shares of Direxion Daily AAPL Bear 1X Shares during the second quarter valued at approximately $349,000. Cibc World Market Inc. increased its holdings in shares of 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 acquiring an additional 14,055 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of 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 acquiring an additional 117,760 shares in 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.