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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)’s stock price were up 0.8% on Tuesday . The stock traded as high as $11.22 and last traded at $11.12. 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’s 50-day simple moving average is $11.75 and its two-hundred day simple moving average is $12.93.

Direxion Daily AAPL Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.0793 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.9%.

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

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

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.