Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Share Price Cross Above 50-Day Moving Average – Time to Sell?

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPDGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.89 and traded as high as $17.03. Direxion Daily AAPL Bear 1X Shares shares last traded at $16.84, with a volume of 158,937 shares.

Direxion Daily AAPL Bear 1X Shares Trading Up 0.3 %

The business’s fifty day moving average is $16.89 and its 200-day moving average is $17.82.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.1472 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Tuesday, September 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $259,000. Sterling Investment Advisors Ltd. bought a new position in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter worth $197,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the first quarter worth $317,000. Virtu Financial LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the third quarter valued at $280,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the third quarter worth about $295,000.

About Direxion Daily AAPL Bear 1X Shares

(Get Free Report)

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.

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