Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) Shares Climb 1.7% – Still a Buy?

Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD)’s share price was up 1.7% during mid-day trading on Monday. The stock traded as high as $10.24 and last traded at $10.14. 16,270,347 shares were traded during trading, an increase of 90% from the average session volume of 8,549,995 shares. The stock had previously closed at $9.97.

Direxion Daily AAPL Bear 1X ETF Price Performance

The business has a 50-day moving average of $10.32 and a 200 day moving average of $11.95.

Institutional Trading of Direxion Daily AAPL Bear 1X ETF

A hedge fund recently bought a new position in Direxion Daily AAPL Bear 1X ETF stock. Genesis Financial Group LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X ETF (NASDAQ:AAPD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 114,850 shares of the company’s stock, valued at approximately $1,603,000. Direxion Daily AAPL Bear 1X ETF comprises approximately 1.0% of Genesis Financial Group LLC’s investment portfolio, making the stock its 28th biggest holding. Genesis Financial Group LLC owned approximately 10.44% of Direxion Daily AAPL Bear 1X ETF as of its most recent SEC filing.

About Direxion Daily AAPL Bear 1X ETF

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.