Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Stock Price Up 0.5% – Here’s Why

Shares of Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) were up 0.5% during mid-day trading on Thursday . The company traded as high as $13.13 and last traded at $13.02. Approximately 7,662,274 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 6,573,997 shares. The stock had previously closed at $12.95.

Direxion Daily AAPL Bear 1X Shares Stock Up 0.5%

The company has a fifty day simple moving average of $13.47 and a 200-day simple moving average of $13.86.

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

Several institutional investors and hedge funds have recently bought and sold shares of AAPD. PayPay Securities Corp increased its holdings in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% during 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 during the last quarter. Jane Street Group LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares in the second quarter worth approximately $201,000. Jump Financial LLC acquired a new stake in Direxion Daily AAPL Bear 1X Shares during the fourth quarter worth $202,000. Rossby Financial LCC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $263,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the second quarter valued at $349,000.

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.