Ridgecrest Wealth Partners LLC Buys Shares of 32,830 Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)

Ridgecrest Wealth Partners LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,830 shares of the company’s stock, valued at approximately $540,000.

Several other hedge funds also recently made changes to their positions in AAPD. Sterling Investment Advisors Ltd. purchased a new stake in shares of Direxion Daily AAPL Bear 1X Shares in the third quarter worth about $197,000. Hamilton Wealth LLC bought a new stake in Direxion Daily AAPL Bear 1X Shares during the 1st quarter worth approximately $259,000. Virtu Financial LLC purchased a new stake in Direxion Daily AAPL Bear 1X Shares in the 1st quarter worth approximately $416,000. Finally, Sugar Maple Asset Management LLC bought a new position in Direxion Daily AAPL Bear 1X Shares in the 1st quarter valued at $317,000.

Direxion Daily AAPL Bear 1X Shares Stock Performance

AAPD opened at $16.90 on Monday. Direxion Daily AAPL Bear 1X Shares has a one year low of $16.13 and a one year high of $23.72. The company has a fifty day moving average price of $16.95 and a 200-day moving average price of $18.14.

Direxion Daily AAPL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1472 per share. This represents a $0.59 annualized dividend and a yield of 3.48%. The ex-dividend date was Tuesday, September 24th.

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.