IMC Chicago LLC Makes New $494,000 Investment in Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD)

IMC Chicago LLC acquired a new position in shares of Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 21,806 shares of the company’s stock, valued at approximately $494,000.

Separately, Game Plan Financial Advisors LLC acquired a new stake in shares of Direxion Daily AAPL Bear 1X Shares during the 1st quarter worth approximately $45,000.

Direxion Daily AAPL Bear 1X Shares Price Performance

Shares of NASDAQ:AAPD opened at $18.26 on Friday. The company’s 50 day simple moving average is $20.35 and its 200 day simple moving average is $21.09. Direxion Daily AAPL Bear 1X Shares has a 1 year low of $17.56 and a 1 year high of $23.72.

Direxion Daily AAPL Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be issued a dividend of $0.2117 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.64%.

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.