Sterling Investment Advisors Ltd. Purchases Shares of 12,000 Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)

Sterling Investment Advisors Ltd. purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,000 shares of the company’s stock, valued at approximately $197,000. Sterling Investment Advisors Ltd. owned approximately 0.80% of Direxion Daily AAPL Bear 1X Shares at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Hamilton Wealth LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $259,000. Sugar Maple Asset Management LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $317,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $416,000. Finally, IMC Chicago LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $494,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of Direxion Daily AAPL Bear 1X Shares stock traded down $0.04 on Friday, reaching $16.61. The company had a trading volume of 272,414 shares, compared to its average volume of 307,541. The firm’s 50-day moving average price is $16.96 and its two-hundred day moving average price is $18.57. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $16.13 and a 1 year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.1472 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Tuesday, September 24th.

Direxion Daily AAPL Bear 1X Shares 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.