Menlo Advisors LLC Trims Stake in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)

Posted by Donald Scott on Mar 6th, 2025

Menlo Advisors LLC lessened its holdings in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD – Free Report) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 2,500 shares during the period. Direxion Daily AAPL Bear 1X Shares accounts for approximately 0.1% of Menlo Advisors LLC’s holdings, making the stock its 29th biggest position. Menlo Advisors LLC owned about 0.69% of Direxion Daily AAPL Bear 1X Shares worth $152,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. PayPay Securities Corp purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the fourth quarter valued at about $64,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth approximately $280,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AAPL Bear 1X Shares during the third quarter worth approximately $295,000. Finally, Ridgecrest Wealth Partners LLC purchased a new position in Direxion Daily AAPL Bear 1X Shares during the third quarter valued at approximately $540,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of AAPD stock opened at $16.20 on Thursday. The company’s 50 day moving average is $16.05 and its 200 day moving average is $16.43. Direxion Daily AAPL Bear 1X Shares has a 52-week low of $14.70 and a 52-week high of $23.72.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1606 per share. The ex-dividend date was Monday, December 23rd.

About Direxion Daily AAPL Bear 1X Shares

(Free Report)

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.