Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) Shares Up 0.5% – Time to Buy?

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)’s stock price traded up 0.5% during trading on Thursday . The company traded as high as $14.39 and last traded at $14.30. 10,863,690 shares were traded during trading, an increase of 37% from the average session volume of 7,937,690 shares. The stock had previously closed at $14.23.

Direxion Daily AAPL Bear 1X Shares Trading Up 0.4%

The business has a fifty day moving average of $13.66 and a 200 day moving average of $13.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trek Financial LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth approximately $8,603,000. Susquehanna International Group LLP lifted its holdings in 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 buying an additional 34,561 shares in the last quarter. Citadel Advisors LLC boosted its position in Direxion Daily AAPL Bear 1X Shares by 106.8% in the 3rd quarter. Citadel Advisors LLC now owns 228,003 shares of the company’s stock valued at $3,192,000 after buying an additional 117,760 shares during the period. Jump Financial LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares in the 2nd quarter valued at approximately $438,000. Finally, PayPay Securities Corp grew its stake in shares of Direxion Daily AAPL Bear 1X Shares by 27.6% in the fourth quarter. PayPay Securities Corp now owns 3,678 shares of the company’s stock worth $48,000 after acquiring an additional 796 shares in the last quarter.

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.