Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Shares Down 2.6% – Here’s What Happened

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)’s stock price fell 2.6% during mid-day trading on Tuesday . The company traded as low as $12.45 and last traded at $12.46. 7,838,989 shares changed hands during trading, a decline of 6% from the average session volume of 8,357,489 shares. The stock had previously closed at $12.79.

Direxion Daily AAPL Bear 1X Shares Trading Down 2.6%

The stock’s 50-day simple moving average is $13.60 and its 200-day simple moving average is $13.43.

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 given a dividend of $0.0838 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its position in shares of Direxion Daily AAPL Bear 1X Shares by 66.9% during the 3rd quarter. Susquehanna International Group LLP now owns 86,191 shares of the company’s stock worth $1,207,000 after purchasing an additional 34,561 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth approximately $438,000. Citadel Advisors LLC grew its position in shares of Direxion Daily AAPL Bear 1X Shares by 106.8% during the 3rd quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock worth $3,192,000 after purchasing an additional 117,760 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth approximately $349,000. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth approximately $201,000.

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.