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

Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) shot up 0.5% on Thursday . The stock 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 Stock Up 0.5%

The stock has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $13.67.

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

Several hedge funds have recently modified their holdings of AAPD. Trek Financial LLC bought a new position in Direxion Daily AAPL Bear 1X Shares during the second quarter worth $8,603,000. Citadel Advisors LLC boosted its holdings 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 purchasing an additional 117,760 shares during the period. Susquehanna International Group LLP grew its position in Direxion Daily AAPL Bear 1X Shares by 66.9% in 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 during the last quarter. Cibc World Market Inc. grew its position in Direxion Daily AAPL Bear 1X Shares by 41.9% in the 3rd quarter. Cibc World Market Inc. now owns 47,567 shares of the company’s stock worth $666,000 after purchasing an additional 14,055 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily AAPL Bear 1X Shares during the 2nd quarter worth about $438,000.

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.